HONG KONG/SINGAPORE &nbsp;- Citi Global Wealth unveiled the ULTIMA Mastercard credit card earlier this week, targeting Citi Private Bank clients across Asia, including Hong Kong and Singapore, two of Citi&rsquo;s four global wealth hubs.
The by-invitation only card comes to market as spend by the bank&rsquo;s ultra-high net worth clients continues to outpace pre-pandemic levels. Spend in the first half of this year, compared to the same period in 2019, was up 56% in Singapore, and 36% in Hong Kong. Across both markets, shopping, dining and travel were leading spend categories.
Research commissioned by Citi across Hong Kong and Singapore found that ultra- high net worth clients wanted to access more experiences for themselves and their loved ones, particularly in travel, as well as invest quality time in wellness. &nbsp;In response to the penchant for spend, and evolving preferences of this client segment, the card includes bespoke travel and lifestyle experiences and wellness features in addition to best-in-class rewards and exclusive benefits, supported by dedicated Lifestyle Relationship Managers.&nbsp;
ULTIMA Mastercard was introduced to select clients on Monday evening (31st July) at a &lsquo;Citi ULTIMA Gala Dinner&rsquo; held at the Rosewood Hotel in Hong Kong which was attended by Oscar Award winning actress, Michelle Yeoh.&nbsp;
Exemplary of the exclusive access availed by ULTIMA, guests heard first-hand from the inspirational icon during a fireside chat between Ms. Yeoh and Angel Ng, Asia Head of Citi Global Wealth. Both role models in their respective fields, Ms. Yeoh and Angel discussed the pursuit of excellence, living life of the fullest, and their shared passion to advance diversity and inclusion to create impact in the lives of others and build a world free of bias.
Guests also enjoyed exclusive experiences showcased at the event, including an interactive digital art gallery and an immersive experience which brought clients to select natural wonders around the world. A corresponding exclusive client event will be held in Singapore on August 21.
Angel said, &ldquo;Citi&rsquo;s ULTIMA proposition has etched its place as a leading and exclusive credit card for ultra-high net worth clients. The latest iteration of the card ensures that we continue to stay ahead of our clients&rsquo; needs and wants as their spending behaviors evolve. As part of Citi Global Wealth, we are leveraging the full wealth continuum to now include this credit card as part of the product suite for private banking clients in Asia. The partnership between our credit cards and private banking businesses is helping us to unlock new opportunities to expand and deepen our client relationships in the ultra-high net worth segment.&rdquo;
Citi Global Wealth is the bank&rsquo;s unified wealth management platform, serving clients across the wealth continuum in Asia through Singapore and Hong Kong.&nbsp; The business comprises Citi&rsquo;s credit cards franchise in the region, our Citigold and Citigold Private Client propositions, the International Personal Bank, Citi Private Bank and Citi&rsquo;s consumer banking arm in Singapore and Hong Kong.
Asia Pacific and EMEA Head of Cards and Unsecured Lending, Sanjay Nambiar, said, &ldquo;We are pleased to be partnering with Mastercard to bring this card to our clients in Asia. The collaboration brings together Mastercard&rsquo;s network and Citi&rsquo;s in-depth experience in conceptualizing leading credit card propositions to expand our reach to existing and potential clients in the region.&rdquo;
"The Asia Pacific region has experienced a strong and sustained economic recovery post-pandemic. It is now home to 30% of the world's ultra-high net worth population and in recent years has seen the affluent segment in Singapore and Hong Kong expand," said Jason Lane, Executive Vice President, Global Account Management, Mastercard. &ldquo;Mastercard is delighted to extend its long-standing partnership with Citi to launch the enhanced ULTIMA card. It meets the needs of Citi's ultra-high net worth customers, and leverages the Mastercard Priceless Experiences Program, designed to give cardholders special access to unforgettable experiences tailored to their individual desires.&rdquo;
More on the updated ULTIMA Proposition: 
From bespoke experiences to wellness benefits and exclusive service, ULTIMA offers compelling benefits including:
Ultimate Dedication:
<ul>
<li>Dedicated ULTIMA Lifestyle Relationship Managers</li>
</ul>
Ultimate Horizons:
<ul>
<li>Golf at St. Andrews with a Pro or Golfing experience at the Open</li>
<li>Access to luxury private islands in different regions across Asia and the Pacific Islands with full-serviced resorts for personal and family retreats</li>
<li>Access to renowned distilleries and vineyards in Europe</li>
<li>Supercar drive experiences &ndash; on racetracks around the world and exclusive tours to automotive museums</li>
<li>Complimentary one night stay with a minimum of two consecutive nights booked at over 900 luxurious participating properties worldwide</li>
<li>Complimentary companion airfare with a purchase of a full fare First or Business class ticket on eight participating airlines</li>
</ul>
Ultimate Indulgence:
<ul>
<li>Access to priority booking for designated Michelin restaurants in Hong Kong and chef-curated exclusive dinners in Singapore through the bank&rsquo;s partnership with Michelin Guide</li>
</ul>
Ultimate Balance: 
<ul>
<li>Exclusively curated Wellness retreats</li>
</ul>
<hr />
About Citi: 
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Additional information may be found at&nbsp;<a href="http://www.citigroup.com/" target="_blank" rel="noopener" data-link-source="tiny">www.citigroup.com</a>&nbsp;| Twitter:&nbsp;<a href="https://twitter.com/citi" target="_blank" rel="noopener" data-link-source="tiny">@Citi</a>&nbsp;| LinkedIn:&nbsp;<a href="http://www.linkedin.com/company/citi" target="_blank" rel="noopener" data-link-source="tiny">www.linkedin.com/company/citi</a>&nbsp;| YouTube:&nbsp;<a href="http://www.youtube.com/citi%7C" target="_blank" rel="noopener" data-link-source="tiny">www.youtube.com/citi</a>&nbsp;| Facebook:&nbsp;<a href="http://www.facebook.com/citi" target="_blank" rel="noopener" data-link-source="tiny">www.facebook.com/citi</a>&nbsp;
Media Contact(s):
Alvin Foo: <a href="mailto:alvin.foo@citi.com" data-link-source="tiny">alvin.foo@citi.com</a>, +65 6557 5571/+65 96806265&nbsp; Carmen Tse: <a href="mailto:carmen.km.tse@citi.com" data-link-source="tiny">carmen.km.tse@citi.com</a>, +852 2962 8943 Sting Chan: <a href="mailto:sting.chan@citi.com" data-link-source="tiny">sting.chan@citi.com</a>, +852 2962 8948 Harsha Jethnani: <a href="mailto:harsha.jethnani@citi.com" data-link-source="tiny">harsha.jethnani@citi.com</a>, +65 9383 0872

Leveraging Citi’s full wealth continuum, the card delivers the best of the bank’s leading credit card franchise to better serve potential and existing ultra-high net worth clients in Asia 

Leveraging Citi&rsquo;s full wealth continuum, the card delivers the best of the bank&rsquo;s leading credit card franchise to better serve potential and existing ultra-high net worth clients in Asia

Citi Global Wealth Unveils Latest ULTIMA Credit Card Curated for Ultra-High Net Worth Clients as Spend Outpaces Pre-Pandemic Levels

NEW YORK &ndash; Citi&rsquo;s U.S. Retail Bank introduces simplified banking, a more straightforward way of banking. By retiring account packages and introducing Relationship Tiers, Citi is streamlining its benefits and services and enhancing the customer experience. New customers can benefit from these changes immediately and Citi will begin converting existing customers to simplified banking in 2024.&nbsp; &nbsp; "Customers are at the heart of everything we do, and we are excited to offer even more enhanced offerings with convenient benefits and services that grow with customers as they move through life&rsquo;s stages,&rdquo; said Craig Vallorano, Head of Retail Banking at Citi. &ldquo;These latest changes are designed to create a more seamless experience for our customers and make it easier for them to get personalized advice and access their finances.&rdquo;&nbsp;
Introducing Relationship Tiers&nbsp;
Similar to an airline or hotel rewards program, as a customer&rsquo;s Combined Average Monthly Balance grows, clients may unlock Relationship Tiers, allowing access to more benefits and services from Citi Priority, Citigold&reg; or Citigold&reg; Private Client. Relationship Tiers will allow access to enhanced Citi benefits and services including waived Monthly Service Fees on checking and savings accounts, waived Citi fees at non-Citi ATMs, professional financial planning and much more. Citi will automatically link a customer&rsquo;s eligible deposit and investments accounts to provide a Combined Average Monthly Balance that will place them in the appropriate Relationship Tier. Terms and conditions apply. For full details, please visit: <a href="https://www.citi.com/banking/simplifiedbanking" target="_blank" rel="noopener" data-link-source="tiny">citi.com/simplifiedbanking</a>.&nbsp;
Streamlined Fees&nbsp;
Citi is expanding on its commitment to make banking more accessible and inclusive for people across the income spectrum. Customers not in a Relationship Tier can avoid Monthly Service Fees in their Citi Checking account by making Enhanced Direct Deposits of $250 or more each month; in their Citi Savings account by having $500+ or more in Average Monthly Balance or owning both a Citi Checking and Savings account; and during the month they open an account and for three calendar months after account opening. Since summer 2022, Citi has defined Enhanced Direct Deposits to include deposits via Zelle&reg; and other peer-to-peer payments when made via the Automated Clearing House using providers such as Venmo or PayPal. This policy helps to remove a barrier that workers may face who primarily receive income through peer-to-peer payments.&nbsp; &nbsp; Beginning in 2022, Citi has eliminated a number of its retail consumer banking fees, including overdraft fees, returned item fees, and overdraft protection fees with plans to remove additional retail banking fees in the coming months. &nbsp;
Offering Industry-Leading Family Linking 
Citi is making family financial management simpler and more convenient by enhancing Family Linking. When customers enroll in Family Linking, they can unlock higher Relationship Tiers and access their benefits faster by combining average monthly balances with those of eligible family members who live with them in the same household. In addition, customers do not need a joint deposit account to share benefits with family members, so they can enjoy the perks of Family Linking while maintaining their own financial freedom.&nbsp; &nbsp; Existing customers can learn more and get early access to simplified banking at citi.com/earlyaccess, on the Citi Mobile&reg; App, or by speaking with a Citi banker. Visit citi.com/simplifiedbanking to learn more about the newest benefits of banking with Citi. Depository products offered by Citibank, N.A. Member FDIC.&nbsp;
<hr />
About Citi 
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.&nbsp;
Additional information may be found at&nbsp;<a href="http://www.citigroup.com/" target="_blank" rel="noopener" data-link-source="tiny">www.citigroup.com</a>&nbsp;| Twitter:&nbsp;<a href="https://twitter.com/citi" target="_blank" rel="noopener" data-link-source="tiny">@Citi</a>&nbsp;| LinkedIn:&nbsp;<a href="http://www.linkedin.com/company/citi" target="_blank" rel="noopener" data-link-source="tiny">www.linkedin.com/company/citi</a>&nbsp;| YouTube:&nbsp;<a href="http://www.youtube.com/citi%7C" target="_blank" rel="noopener" data-link-source="tiny">www.youtube.com/citi</a>&nbsp;| Facebook:&nbsp;<a href="http://www.facebook.com/citi" target="_blank" rel="noopener" data-link-source="tiny">www.facebook.com/citi</a>&nbsp;
Media Contact
Colin Wright: <a href="mailto:colin.wright@citi.com" target="_blank" rel="noopener" data-link-source="tiny">colin.wright@citi.com</a>

Citi Simplifies Retail Banking to Help Customers Achieve Their Financial Potential 

SINGAPORE - Today, Citi appointed Gunjan Kalra as Asia Pacific Head of Citi Commercial Bank (CCB). Gunjan will be assuming her role on September 1, 2023, and will report to the Global Head of CCB, Tasnim Ghiawadwala and Citi Asia Pacific Chief Executive Officer (CEO), Peter Babej.
Based in Singapore, Gunjan joins the commercial bank from Citi's Markets business where she was most recently the Asia Pacific Head of Corporate Sales &amp; Solutions. Assuming the role since 2021, she has led a team of 150 salespeople across the region to deliver Markets products to corporate and commercial banking clients in Asia Pacific. Gunjan also served as Asia Pacific Head for the Corporate Solutions Group from 2015 to 2021.
In her over two decades at Citi, Gunjan has accumulated extensive experience and a deep understanding of our Markets franchise, including working with CCB clients. She has held leadership roles across Asia Pacific and Latin America and managed complex businesses across various asset classes and client segments.
Tasnim Ghiawadwala, Global Head of CCB said, "I am pleased to welcome Gunjan as our new Asia Pacific Head for the Commercial Bank. Gunjan's appointment is further demonstration of the connectivity across the Institutional Clients Group. Her Markets background and deep knowledge of Citi will be crucial in ensuring we continue to drive our CCB strategy and provide our Asia Pacific clients with the products and services that will enable their growth, address their cross-border needs and support them on their path to going global."
Peter Babej, Asia Pacific CEO, Citi, added, "Commercial banking is a centerpiece of Citi's strategy across Asia Pacific, matching the strong cross-border aspirations of our local clients and the power of our global network. With Gunjan's proven leadership and broad experience, we look forward to driving our franchise to its full potential."
CCB serves clients in 11 markets in Asia Pacific across North Asia, South Asia, and ASEAN. By leveraging Citi's global network, clients are actively accessing our services across cash management, trade, and financial lending to address growth challenges and opportunities.
<hr />
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range offinancial products and services.
Additional information may be found at&nbsp;<a href="http://www.citigroup.com/" target="_blank" rel="noopener" data-link-source="tiny">www.citigroup.com</a>&nbsp;| Twitter:&nbsp;<a href="https://twitter.com/citi" target="_blank" rel="noopener" data-link-source="tiny">@Citi</a>&nbsp;| LinkedIn:&nbsp;<a href="http://www.linkedin.com/company/citi" target="_blank" rel="noopener" data-link-source="tiny">www.linkedin.com/company/citi</a>&nbsp;| YouTube:&nbsp;<a href="http://www.youtube.com/citi%7C" target="_blank" rel="noopener" data-link-source="tiny">www.youtube.com/citi</a>&nbsp;| Facebook:&nbsp;<a href="http://www.facebook.com/citi" target="_blank" rel="noopener" data-link-source="tiny">www.facebook.com/citi</a>&nbsp;
Media Contacts
Harsha Jethnani: <a href="mailto:harsha.jethnani@citi.com" data-link-source="tiny">harsha.jethnani@citi.com</a>, +65 9383 0872
Sarah Mac Rory: <a href="mailto:sarah.macrory@citi.com" data-link-source="tiny">sarah.macrory@citi.com</a>, +44 207 508 3822

Citi Appoints Gunjan Kalra as Asia Pacific Head of Citi Commercial Bank

<ul>
<li>Bridge built by Citi, a digital platform that connects small and medium- sized businesses to a diverse group of lenders for business loans is acquired by Foro Holdings, Inc., a commercial lending services provider.</li>
<li>Citi joins Foro Holdings, Inc. investors, including TTV Capital, US Bank and Correlation Ventures, in providing additional capital to support the platform&rsquo;s evolution.</li>
<li>Bridge built by Citi co-founders Rohit Mathur and Harte Thompson named Chief Executive Officer and Chief Operating Officer of Foro Holdings, Inc., respectively and Tasnim Ghiawadwala, Global Head of Citi Commercial Bank, to join Foro Holdings, Inc.&rsquo;s Board of Directors.</li>
</ul>

NEW YORK &ndash; Citi today announced the acquisition of its <a href="http://www.bridgebuiltbyciti.com/" data-link-source="tiny">Bridge built by Citi&reg; platform</a> (&ldquo;Bridge&rdquo;) by Foro Holdings, Inc. (&ldquo;Foro&rdquo;), a Charlotte-based commercial lending services provider. &nbsp;As part of the transaction, Citi contributed Bridge to Foro and joined Foro&rsquo;s investors, including TTV Capital (TTV), US Bank and Correlation Ventures in an additional capital investment in Foro to support the continued growth of the business.&nbsp;
Bridge is a digital platform that connects small and medium-sized businesses (SMBs) with more than 75 lenders across the United States to provide qualifying businesses with access to capital. The platform digitally connects SMBs with lenders to offer them greater choice and convenience. Bridge provides lenders with the opportunity to diversify their businesses, broaden their customer base and offer borrowers a high-quality experience.&nbsp;
Foro will use the new capital investment to scale the business and expand the services it provides to SMBs, local and regional banks, community banks, Community Development Financial Institutions (CDFIs) and non-traditional lenders.&nbsp;
Citi will be a minority investor in Foro and it will continue to support the platform in various ways including ongoing connectivity with Citi&rsquo;s Diverse Financial Institutions Group. In addition, Tasnim Ghiawadwala, Global Head of Citi Commercial Bank, will join Foro&rsquo;s Board of Directors.&nbsp;
Bridge co-founders Rohit Mathur and Harte Thompson, who collectively have 20 years of experience at Citi, have been named Chief Executive Officer and Chief Operating Officer of Foro, respectively.&nbsp;
"We developed Bridge to simplify and modernize the lending process for both borrowers and lenders. Our goal is to democratize access to capital for SMBs by providing a digital tool to connect with a range of lenders, while offering lenders a more efficient prospecting process and a way to expand their reach without having to build their own infrastructure," said Mathur. "With the support of Foro, Bridge will continue to grow and provide innovative solutions for the lending market."
"We are excited to bring in Citi as an investor and welcome Tasnim to the board. We were impressed by what Rohit and Harte have built at Citi and are excited to see our combined platform grow under Rohit's leadership," said David Vorhoff, Foro&rsquo;s Chairman of the Board.&nbsp;
Citi launched Bridge in 2021 as part of its long-standing commitment to inclusive access to capital and support of innovative, digital-first solutions in financial services. &nbsp;Since its launch, Bridge has grown from 18 lenders to more than 75 lenders on the platform nationwide. It has also established relationships with large retail corporations to provide their vendor networks with customized access to Bridge.
The concept for this innovative digital platform was conceived by Citi Commercial Bank colleagues and its growth and development has been supported within Citi&rsquo;s Institutional Clients Group. Bridge is a great demonstration of Citi&rsquo;s innovation strategy to identify market problems and develop solutions that drive market efficiency and serve clients.&nbsp;
"The success of Bridge is a testament to the power of innovation that comes from a global institution like Citi and demonstrates our ability to transform an idea into a product that has the potential to evolve business lending," said Emily Turner, Head of Business Development for Citi&rsquo;s Institutional Clients Group. "The firm&rsquo;s continued investment in Foro signals our confidence in the platform and we are excited to see its impact continue to grow."
Skadden, Arps, Slate, Meagher &amp; Flom LLP and Davis Wright Tremaine LLP served as legal counsel to Citi. K&amp;L Gates LLP served as legal counsel to Foro.
<hr />
About Foro
Foro empowers growing companies, seeking commercial loans, to access capital on their terms by connecting them with the right financial institutions. Leveraging data and insights, the platform meets the personalized needs of both businesses and financial institutions, delivering a streamlined, cost-efficient, and transparent way to build equitable relationships.&nbsp;
Additional information may be found at <a href="www.foro.io" target="_blank" rel="noopener" data-link-source="tiny">www.foro.io</a> | Twitter: <a href="https://twitter.com/Foro_inc" target="_blank" rel="noopener" data-link-source="tiny">@Foro_inc</a> | LinkedIn: <a href="https://www.linkedin.com/company/foroinc" target="_blank" rel="noopener" data-link-source="tiny">www.linkedin.com/company/foroinc</a>&nbsp;
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.&nbsp;
Additional information may be found at&nbsp;<a href="http://www.citigroup.com/" target="_blank" rel="noopener" data-link-source="tiny">www.citigroup.com</a>&nbsp;| Twitter:&nbsp;<a href="https://twitter.com/citi" target="_blank" rel="noopener" data-link-source="tiny">@Citi</a>&nbsp;| LinkedIn:&nbsp;<a href="http://www.linkedin.com/company/citi" target="_blank" rel="noopener" data-link-source="tiny">www.linkedin.com/company/citi</a>&nbsp;| YouTube:&nbsp;<a href="http://www.youtube.com/citi%7C" target="_blank" rel="noopener" data-link-source="tiny">www.youtube.com/citi</a>&nbsp;| Facebook:&nbsp;<a href="http://www.facebook.com/citi" target="_blank" rel="noopener" data-link-source="tiny">www.facebook.com/citi</a>
Media Contacts
Foro: Lauren Gomez, <a href="mailto:lgomez@foro.io" target="_blank" rel="noopener" data-link-source="tiny">lgomez@foro.io</a> 
Citi: Patricia Tuma, <a href="mailto:patricia.tuma@citi.com" data-link-source="tiny">patricia.tuma@citi.com</a>

<ul>
<li>Bridge built by Citi, a digital platform that connects small and medium- sized businesses to a diverse group of lenders for business loans is acquired by Foro Holdings, Inc., a commercial lending services provider.</li>
<li>Citi joins Foro Holdings, Inc. investors, including TTV Capital, US Bank and Correlation Ventures, in providing additional capital to support the platform&rsquo;s evolution.</li>
<li>Bridge built by Citi co-founders Rohit Mathur and Harte Thompson named Chief Executive Officer and Chief Operating Officer of Foro Holdings, Inc., respectively and Tasnim Ghiawadwala, Global Head of Citi Commercial Bank, to join Foro Holdings, Inc.&rsquo;s Board of Directors.</li>
</ul> NEW YORK &ndash; Citi today announced the acquisition of its <a href="http://www.bridgebuiltbyciti.com/" data-link-source="tiny">Bridge built by Citi&reg; platform</a> (&ldquo;Bridge&rdquo;) by Foro Holdings, Inc. (&ldquo;Foro&rdquo;), a Charlotte-based commercial lending services provider. &nbsp;As part of the transaction, Citi contributed Bridge to Foro and joined Foro&rsquo;s investors, including TTV Capital (TTV), US Bank and Correlation Ventures in an additional capital investment in Foro to support the continued growth of the business.&nbsp;
Bridge is a digital platform that connects small and medium-sized businesses (SMBs) with more than 75 lenders across the United States to provide qualifying businesses with access to capital. The platform digitally connects SMBs with lenders to offer them greater choice and convenience. Bridge provides lenders with the opportunity to diversify their businesses, broaden their customer base and offer borrowers a high-quality experience.&nbsp;
Foro will use the new capital investment to scale the business and expand the services it provides to SMBs, local and regional banks, community banks, Community Development Financial Institutions (CDFIs) and non-traditional lenders.&nbsp;
Citi will be a minority investor in Foro and it will continue to support the platform in various ways including ongoing connectivity with Citi&rsquo;s Diverse Financial Institutions Group. In addition, Tasnim Ghiawadwala, Global Head of Citi Commercial Bank, will join Foro&rsquo;s Board of Directors.&nbsp;
Bridge co-founders Rohit Mathur and Harte Thompson, who collectively have 20 years of experience at Citi, have been named Chief Executive Officer and Chief Operating Officer of Foro, respectively.&nbsp;
"We developed Bridge to simplify and modernize the lending process for both borrowers and lenders. Our goal is to democratize access to capital for SMBs by providing a digital tool to connect with a range of lenders, while offering lenders a more efficient prospecting process and a way to expand their reach without having to build their own infrastructure," said Mathur. "With the support of Foro, Bridge will continue to grow and provide innovative solutions for the lending market."
"We are excited to bring in Citi as an investor and welcome Tasnim to the board. We were impressed by what Rohit and Harte have built at Citi and are excited to see our combined platform grow under Rohit's leadership," said David Vorhoff, Foro&rsquo;s Chairman of the Board.&nbsp;
Citi launched Bridge in 2021 as part of its long-standing commitment to inclusive access to capital and support of innovative, digital-first solutions in financial services. &nbsp;Since its launch, Bridge has grown from 18 lenders to more than 75 lenders on the platform nationwide. It has also established relationships with large retail corporations to provide their vendor networks with customized access to Bridge.
The concept for this innovative digital platform was conceived by Citi Commercial Bank colleagues and its growth and development has been supported within Citi&rsquo;s Institutional Clients Group. Bridge is a great demonstration of Citi&rsquo;s innovation strategy to identify market problems and develop solutions that drive market efficiency and serve clients.&nbsp;
"The success of Bridge is a testament to the power of innovation that comes from a global institution like Citi and demonstrates our ability to transform an idea into a product that has the potential to evolve business lending," said Emily Turner, Head of Business Development for Citi&rsquo;s Institutional Clients Group. "The firm&rsquo;s continued investment in Foro signals our confidence in the platform and we are excited to see its impact continue to grow."
Skadden, Arps, Slate, Meagher &amp; Flom LLP and Davis Wright Tremaine LLP served as legal counsel to Citi. K&amp;L Gates LLP served as legal counsel to Foro.
<hr />
About Foro
Foro empowers growing companies, seeking commercial loans, to access capital on their terms by connecting them with the right financial institutions. Leveraging data and insights, the platform meets the personalized needs of both businesses and financial institutions, delivering a streamlined, cost-efficient, and transparent way to build equitable relationships.&nbsp;
Additional information may be found at <a href="www.foro.io" target="_blank" rel="noopener" data-link-source="tiny">www.foro.io</a> | Twitter: <a href="https://twitter.com/Foro_inc" target="_blank" rel="noopener" data-link-source="tiny">@Foro_inc</a> | LinkedIn: <a href="https://www.linkedin.com/company/foroinc" target="_blank" rel="noopener" data-link-source="tiny">www.linkedin.com/company/foroinc</a>&nbsp;
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.&nbsp;
Additional information may be found at&nbsp;<a href="http://www.citigroup.com/" target="_blank" rel="noopener" data-link-source="tiny">www.citigroup.com</a>&nbsp;| Twitter:&nbsp;<a href="https://twitter.com/citi" target="_blank" rel="noopener" data-link-source="tiny">@Citi</a>&nbsp;| LinkedIn:&nbsp;<a href="http://www.linkedin.com/company/citi" target="_blank" rel="noopener" data-link-source="tiny">www.linkedin.com/company/citi</a>&nbsp;| YouTube:&nbsp;<a href="http://www.youtube.com/citi%7C" target="_blank" rel="noopener" data-link-source="tiny">www.youtube.com/citi</a>&nbsp;| Facebook:&nbsp;<a href="http://www.facebook.com/citi" target="_blank" rel="noopener" data-link-source="tiny">www.facebook.com/citi</a>
Media Contacts
Foro: Lauren Gomez, <a href="mailto:lgomez@foro.io" target="_blank" rel="noopener" data-link-source="tiny">lgomez@foro.io</a> 
Citi: Patricia Tuma, <a href="mailto:patricia.tuma@citi.com" data-link-source="tiny">patricia.tuma@citi.com</a>

Citi Selects Foro Holdings, Inc. to Scale Its Bridge built by Citi Platform via Strategic Investment and Sale

Leaders of Citi&rsquo;s five businesses to report directly to the CEO
Delivery of Citi&rsquo;s global network enhanced through streamlined geographic structure
&nbsp;New Client organization to strengthen client delivery across all lines of business

New York &ndash; Citi today announced significant changes to its organizational model that will fully align its management structure with its business strategy and simplify the bank. The new, flatter structure elevates the leaders of Citi&rsquo;s five businesses and eliminates management layers, which will speed up decision making, drive increased accountability and strengthen the focus on clients. Simplifying the organization will also advance the execution of Citi&rsquo;s Transformation, the firm&rsquo;s top priority.
&ldquo;I am determined that our bank will deliver to our full potential, and we&rsquo;re making bold decisions to meet our commitments to all our stakeholders,&rdquo; said Citi CEO Jane Fraser. &ldquo;These changes eliminate unnecessary complexity across the bank, increase accountability for delivering excellent client service and strengthen our ability to benefit from the natural linkages that exist amongst our businesses, all with an eye toward delivering on our medium-term targets and our Transformation.&rdquo;
Citi is taking the following actions:
<ul>
<li>
The leaders of each of Citi&rsquo;s five interconnected businesses will now report directly to the CEO and be members of the Executive Management Team. This will allow them to have greater influence on Citi&rsquo;s strategy and execution, while enhancing accountability. This will also give our investors greater transparency into our core businesses. These five business leaders are:
<ul>
<li>Shahmir Khaliq, Services 1</li>
<li>Andrew Morton, Markets</li>
<li>Peter Babej, Banking 2&nbsp; (interim)</li>
<li>Andy Sieg, Wealth (beginning September 27)</li>
<li>Gonzalo Luchetti, U.S. Personal Banking</li>
</ul>
</li>
<li>Leadership of the firm&rsquo;s geographies outside of North America is now consolidated under Ernesto Torres Cant&uacute;, Head of International. The scope of Citi&rsquo;s geographic management will narrow to local-market client coverage and delivery, and legal entity management. Banking and International will share a common management team, creating greater connectivity across Citi for clients under a leaner structure.&nbsp;</li>
<li>A newly-created Client organization is now responsible for strengthening client engagement and experience across the bank&rsquo;s global network and businesses. David Livingstone will lead this group and become the firm&rsquo;s Chief Client Officer.</li>
</ul>
Over the past three years, Citi has implemented a strategy to be the preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market. Today&rsquo;s announcement is the next logical step in Citi&rsquo;s work to implement the plan it presented at its 2022 Investor Day and deliver its medium-term targets. Citi has been executing a focused strategy for its five interconnected businesses, made rapid progress on exiting its consumer franchises outside the United States, and continues to strengthen its risk management and controls.
Effective immediately, the new Executive Management Team includes:
<ul>
<li>Jane Fraser &ndash; Chief Executive Officer</li>
<li>Peter Babej &ndash; Interim Head of Banking; Chairman of Banking</li>
<li>Titi Cole &ndash; Head of Legacy Franchises</li>
<li>Nadir Darrah &ndash; Chief Auditor</li>
<li>Sunil Garg &ndash; CEO of Citibank, N.A. and Head of North America</li>
<li>Shahmir Khaliq &ndash; Head of Services</li>
<li>David Livingstone &ndash; Chief Client Officer</li>
<li>Gonzalo Luchetti &ndash; Head of U.S. Personal Banking</li>
<li>Mark Mason &ndash; Chief Financial Officer</li>
<li>Brent McIntosh &ndash; Chief Legal Officer and Corporate Secretary</li>
<li>Andrew Morton &ndash; Head of Markets</li>
<li>Anand Selvakesari &ndash; Chief Operating Officer</li>
<li>Andy Sieg &ndash; Head of Wealth (beginning September 27)</li>
<li>Edward Skyler &ndash; Head of Enterprise Services &amp; Public Affairs</li>
<li>Ernesto Torres Cant&uacute; &ndash; Head of International</li>
<li>Zdenek Turek &ndash; Chief Risk Officer</li>
<li>Sara Wechter &ndash; Chief Human Resources Officer</li>
<li>Mike Whitaker &ndash; Head of Operations &amp; Technology</li>
<li>Paco Ybarra &ndash; Senior Advisor</li>
</ul>
The new model will simplify the bank in a number of ways, including eliminating the Personal Banking &amp; Wealth Management and Institutional Clients Group management layers, as well as the existing regional layers in Asia Pacific, Europe, Middle East and Africa, and Latin America. As Citi swiftly transitions to this new model, the firm is committed to retaining top talent and supporting employees who are leaving the company.
Jane Fraser will join Citi CFO Mark Mason at 10:30 a.m. EDT today at Barclays&rsquo; Global Financial Services Conference, where they will discuss the impact of and timeline for these changes. A live audio webcast will be available at <a href="http://www.citigroup.com" target="_blank" rel="noopener" data-link-source="tiny">www.citigroup.com</a> under Investors, Events and Presentations.
1 Services comprises Treasury and Trade Solutions, Securities Services
2 Banking comprises Investment Banking, Corporate Banking, Commercial Banking
<hr />
<h2>About Citi </h2>
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.&nbsp;
Additional information may be found at&nbsp;<a href="http://www.citigroup.com/" target="_blank" rel="noopener" data-link-source="tiny">www.citigroup.com</a>&nbsp;| Twitter:&nbsp;<a href="https://twitter.com/citi" target="_blank" rel="noopener" data-link-source="tiny">@Citi</a>&nbsp;| LinkedIn:&nbsp;<a href="http://www.linkedin.com/company/citi" target="_blank" rel="noopener" data-link-source="tiny">www.linkedin.com/company/citi</a>&nbsp;| YouTube:&nbsp;<a href="http://www.youtube.com/citi%7C" target="_blank" rel="noopener" data-link-source="tiny">www.youtube.com/citi</a>&nbsp;| Facebook:&nbsp;<a href="http://www.facebook.com/citi" target="_blank" rel="noopener" data-link-source="tiny">www.facebook.com/citi</a>&nbsp;
Certain statements in this release are &ldquo;forward-looking statements&rdquo; within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management&rsquo;s current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences. Actual results and capital and other financial condition may differ materially from those included in these statements due to a variety of factors. These factors include, among others: uncertainties and other challenges associated with Citi&rsquo;s execution against its transformation, simplification and other strategic initiatives, including, among others, achieving expense savings and consummation of its remaining international consumer market exits; macroeconomic, geopolitical and other challenges and uncertainties, including further increases in interest rates; revisions to the U.S. Basel III rules, including the recently issued notice of proposed rulemaking, known as the Basel III Endgame; potential increased regulatory, compliance and other requirements and costs; and the precautionary statements included in this release. These factors also consist of those contained in Citigroup&rsquo;s filings with the U.S. Securities Exchange and Commission, including without limitation the &ldquo;Risk Factors&rdquo; section of Citigroup&rsquo;s 2022 Form 10-K. Any forward-looking statements made by or on behalf of Citigroup speak only as to the date they are made, and Citi does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
<h2>Media Contact</h2>
Jennifer Lowney: <a href="mailto:jennifer.lowney@citi.com" target="_blank" rel="noopener" data-link-source="tiny">jennifer.lowney@citi.com</a>, (212) 793-3141
<h2>Investor Contact</h2>
Jennifer Landis: <a href="mailto:jennifer.am.landis@citi.com" target="_blank" rel="noopener" data-link-source="tiny">jennifer.am.landis@citi.com</a>, (212) 559-2718&nbsp;&nbsp;

Leaders of Citi&rsquo;s five businesses to report directly to the CEO
Delivery of Citi&rsquo;s global network enhanced through streamlined geographic structure
&nbsp;New Client organization to strengthen client delivery across all lines of business New York &ndash; Citi today announced significant changes to its organizational model that will fully align its management structure with its business strategy and simplify the bank. The new, flatter structure elevates the leaders of Citi&rsquo;s five businesses and eliminates management layers, which will speed up decision making, drive increased accountability and strengthen the focus on clients. Simplifying the organization will also advance the execution of Citi&rsquo;s Transformation, the firm&rsquo;s top priority.
&ldquo;I am determined that our bank will deliver to our full potential, and we&rsquo;re making bold decisions to meet our commitments to all our stakeholders,&rdquo; said Citi CEO Jane Fraser. &ldquo;These changes eliminate unnecessary complexity across the bank, increase accountability for delivering excellent client service and strengthen our ability to benefit from the natural linkages that exist amongst our businesses, all with an eye toward delivering on our medium-term targets and our Transformation.&rdquo;
Citi is taking the following actions:
<ul>
<li>
The leaders of each of Citi&rsquo;s five interconnected businesses will now report directly to the CEO and be members of the Executive Management Team. This will allow them to have greater influence on Citi&rsquo;s strategy and execution, while enhancing accountability. This will also give our investors greater transparency into our core businesses. These five business leaders are:
<ul>
<li>Shahmir Khaliq, Services 1</li>
<li>Andrew Morton, Markets</li>
<li>Peter Babej, Banking 2&nbsp; (interim)</li>
<li>Andy Sieg, Wealth (beginning September 27)</li>
<li>Gonzalo Luchetti, U.S. Personal Banking</li>
</ul>
</li>
<li>Leadership of the firm&rsquo;s geographies outside of North America is now consolidated under Ernesto Torres Cant&uacute;, Head of International. The scope of Citi&rsquo;s geographic management will narrow to local-market client coverage and delivery, and legal entity management. Banking and International will share a common management team, creating greater connectivity across Citi for clients under a leaner structure.&nbsp;</li>
<li>A newly-created Client organization is now responsible for strengthening client engagement and experience across the bank&rsquo;s global network and businesses. David Livingstone will lead this group and become the firm&rsquo;s Chief Client Officer.</li>
</ul>
Over the past three years, Citi has implemented a strategy to be the preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market. Today&rsquo;s announcement is the next logical step in Citi&rsquo;s work to implement the plan it presented at its 2022 Investor Day and deliver its medium-term targets. Citi has been executing a focused strategy for its five interconnected businesses, made rapid progress on exiting its consumer franchises outside the United States, and continues to strengthen its risk management and controls.
Effective immediately, the new Executive Management Team includes:
<ul>
<li>Jane Fraser &ndash; Chief Executive Officer</li>
<li>Peter Babej &ndash; Interim Head of Banking; Chairman of Banking</li>
<li>Titi Cole &ndash; Head of Legacy Franchises</li>
<li>Nadir Darrah &ndash; Chief Auditor</li>
<li>Sunil Garg &ndash; CEO of Citibank, N.A. and Head of North America</li>
<li>Shahmir Khaliq &ndash; Head of Services</li>
<li>David Livingstone &ndash; Chief Client Officer</li>
<li>Gonzalo Luchetti &ndash; Head of U.S. Personal Banking</li>
<li>Mark Mason &ndash; Chief Financial Officer</li>
<li>Brent McIntosh &ndash; Chief Legal Officer and Corporate Secretary</li>
<li>Andrew Morton &ndash; Head of Markets</li>
<li>Anand Selvakesari &ndash; Chief Operating Officer</li>
<li>Andy Sieg &ndash; Head of Wealth (beginning September 27)</li>
<li>Edward Skyler &ndash; Head of Enterprise Services &amp; Public Affairs</li>
<li>Ernesto Torres Cant&uacute; &ndash; Head of International</li>
<li>Zdenek Turek &ndash; Chief Risk Officer</li>
<li>Sara Wechter &ndash; Chief Human Resources Officer</li>
<li>Mike Whitaker &ndash; Head of Operations &amp; Technology</li>
<li>Paco Ybarra &ndash; Senior Advisor</li>
</ul>
The new model will simplify the bank in a number of ways, including eliminating the Personal Banking &amp; Wealth Management and Institutional Clients Group management layers, as well as the existing regional layers in Asia Pacific, Europe, Middle East and Africa, and Latin America. As Citi swiftly transitions to this new model, the firm is committed to retaining top talent and supporting employees who are leaving the company.
Jane Fraser will join Citi CFO Mark Mason at 10:30 a.m. EDT today at Barclays&rsquo; Global Financial Services Conference, where they will discuss the impact of and timeline for these changes. A live audio webcast will be available at <a href="http://www.citigroup.com" target="_blank" rel="noopener" data-link-source="tiny">www.citigroup.com</a> under Investors, Events and Presentations.
1 Services comprises Treasury and Trade Solutions, Securities Services
2 Banking comprises Investment Banking, Corporate Banking, Commercial Banking
<hr />
<h2>About Citi </h2>
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.&nbsp;
Additional information may be found at&nbsp;<a href="http://www.citigroup.com/" target="_blank" rel="noopener" data-link-source="tiny">www.citigroup.com</a>&nbsp;| Twitter:&nbsp;<a href="https://twitter.com/citi" target="_blank" rel="noopener" data-link-source="tiny">@Citi</a>&nbsp;| LinkedIn:&nbsp;<a href="http://www.linkedin.com/company/citi" target="_blank" rel="noopener" data-link-source="tiny">www.linkedin.com/company/citi</a>&nbsp;| YouTube:&nbsp;<a href="http://www.youtube.com/citi%7C" target="_blank" rel="noopener" data-link-source="tiny">www.youtube.com/citi</a>&nbsp;| Facebook:&nbsp;<a href="http://www.facebook.com/citi" target="_blank" rel="noopener" data-link-source="tiny">www.facebook.com/citi</a>&nbsp;
Certain statements in this release are &ldquo;forward-looking statements&rdquo; within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management&rsquo;s current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences. Actual results and capital and other financial condition may differ materially from those included in these statements due to a variety of factors. These factors include, among others: uncertainties and other challenges associated with Citi&rsquo;s execution against its transformation, simplification and other strategic initiatives, including, among others, achieving expense savings and consummation of its remaining international consumer market exits; macroeconomic, geopolitical and other challenges and uncertainties, including further increases in interest rates; revisions to the U.S. Basel III rules, including the recently issued notice of proposed rulemaking, known as the Basel III Endgame; potential increased regulatory, compliance and other requirements and costs; and the precautionary statements included in this release. These factors also consist of those contained in Citigroup&rsquo;s filings with the U.S. Securities Exchange and Commission, including without limitation the &ldquo;Risk Factors&rdquo; section of Citigroup&rsquo;s 2022 Form 10-K. Any forward-looking statements made by or on behalf of Citigroup speak only as to the date they are made, and Citi does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
<h2>Media Contact</h2>
Jennifer Lowney: <a href="mailto:jennifer.lowney@citi.com" target="_blank" rel="noopener" data-link-source="tiny">jennifer.lowney@citi.com</a>, (212) 793-3141
<h2>Investor Contact</h2>
Jennifer Landis: <a href="mailto:jennifer.am.landis@citi.com" target="_blank" rel="noopener" data-link-source="tiny">jennifer.am.landis@citi.com</a>, (212) 559-2718&nbsp;&nbsp;

Citi Aligns Organizational Structure with Its Strategy and Simplifies Operating Model 

NEW YORK &ndash; Inflation and ongoing market volatility remain the primary concerns of business leaders of mid-sized corporates and organizations surveyed by <a href="https://icg.citi.com/rcs/icgPublic/storage/public/Citi_Commercial_Bank_Industry_Insights_Report_2023.pdf" target="_blank" rel="noopener" data-link-source="tiny">Citi Commercial Bank (CCB) in its first &lsquo;Global Industry Insights Report&rsquo; released today</a>.
Of approximately 500 survey respondents, globally, a majority ranked inflation and market volatility as the two primary factors challenging the wellbeing of their business followed by the regulatory environment and trade.
<h2>Key findings from the data collected in the survey, on a global basis:</h2>
<ul>
<li>As inflation represents the most threatening factor to the respondents&rsquo; businesses, 72% of those surveyed agreed that managing costs or keeping costs down is the biggest challenge to business success they face today.</li>
<li>Notably, 52% of respondents stated that they believed supply chain issues have improved over the last 12 months; 36% of respondents believe those issues have remain unchanged and only 13% stated they believed that they have worsened.</li>
<li>55% of respondents say they are on track for being carbon neutral by 2050, with healthcare companies leading the way. However, only 37% of respondents said that net zero and/or ESG in general is a primary focus for their company.</li>
<li>52% of those surveyed say that their organization is considering international expansion in the next year, with 27% stating they are looking to expand to Asia-Pacific markets.</li>
<li>27% of respondents say that they are either somewhat dissatisfied or extremely dissatisfied with progress they have made with their financial goals in 2023.</li>
</ul>
Tasnim Ghiawadwala, Global Head of Citi Commercial Bank, commented, &ldquo;It comes as no surprise that inflation and market volatility are front of mind for companies across industries worldwide. Inflation has touched everything from operations to financial or human resource planning, even inventory and supply chain processes. It is impacting long-term strategic planning and vision making it critical that mid-sized corporates be nimble and flexible with the market. Keeping an eye on cost is vital but remembering that the core proposition &ndash; what differentiates your company for your customer &ndash; is at the heart of success.&rdquo;
<h2>International expansion &ndash; on the cards? </h2>
Companies that are most likely looking at international expansion over the next year tend to be operating in the Consumer and Retail industry, with 63% of respondents saying they are considering it, and the Digital, Technology and Communications industry, with 67% agreeing. Of the industries surveyed, those least likely to engage in international expansion this year are in Healthcare, as well as Business and Professional Services.
<h2>Supply chain outlook improving on the whole&hellip;</h2>
Interestingly, 65% of respondents who identified themselves as working at Consumer and Retail companies said that their view of supply chain issues over the last 12 months has improved. This is followed by 55% for Industrials and 53% for Digital, Technology and Communications. By contrast, the industry that had the most negative outlook on supply chain was Healthcare with 20% of respondents saying that supply chain issues had worsened in the last 12 months.
<h2>What is the biggest obstacle to success&hellip;</h2>
Managing costs seems to be front of mind the most for Industrials companies, with 80% of respondents in that sector saying that it is the biggest challenge they face today while leading their business. Healthcare closely follows with 72% of respondents in the sector stating the same. However, it is a shared challenge across all industries due to the continued macroeconomic headwinds around inflation and interest rate change.
The second biggest obstacle or challenge to success identified by mid-sized corporates surveyed, globally, is &lsquo;Staffing&rsquo;. With changing work patterns post COVID 19 pandemic and higher employment levels across certain geographies, 47% of respondents, globally, said it was the biggest challenge to the success of their business; this was particularly pronounced in those surveyed from Digital, Technology and Communications industry, with 60% saying it was the biggest challenge to the success of their business, and 52% of Healthcare industry respondents agreeing.
Gaurang Hattangdi, Global Head of Coverage for Citi Commercial Bank said, &ldquo;Our industry coverage model, within Citi Commercial Bank, is an important component of how we seek to serve our clients. We strive for excellence in advisory, solutions and services &ndash; this is achieved through industry knowledge. The first Global Industry Insights Report demonstrates the value we seek to bring to our clients who can understand not only what is front of mind for their peers, but also for related industries. This report gives us the opportunity to examine the issues that remain central in business and financial planning and how we can best support our clients in addressing them.&rdquo;
<h2>Select Industry-Specific Insights</h2>
A critical part of the survey and subsequent report is the findings relating to insights from an industry or sector perspective.
<ul>
<li>For Business and Professional Services respondents, customer service, staffing and change driven by technology are front of mind as supply chain issues rarely affect these more people-driven operations.</li>
<li>For Consumer and Retail respondents, working capital is important in volatile markets as consumer products and retail is a capital-intensive sector &ndash; competitive advantage is given to those who can produce and have a sufficient supply of goods to meet the needs of the consumer.</li>
<li>For Digital, Technology and Communications respondents, funding dynamics have changed and pose a bigger challenge with venture capital affected by higher interest rates and the macroeconomic conditions impacting company valuations.</li>
<li>For Healthcare respondents, inflationary impacts from the pandemic have shifted working capital management as a priority for these companies when in the past their strong cash flow profiles would have made this not as pressing a concern.</li>
<li>For Industrials respondents, global trade is under pressure which has led to increased adoption of an &lsquo;in market, for the market&rsquo; model, prompting geographic expansion.</li>
</ul>
<h2>Survey Methodology</h2>
Citi Commercial Bank&rsquo;s 2023 Global Industry Insights Report survey was conducted online from April 2023 to June 2023 for mid-sized corporates. In total, more than 500 companies completed the survey - participation was voluntary and responses anonymous. Respondents to the survey varied in title with:
<ul>
<li>33% identifying as CFO/Finance/VP/Director/Manager</li>
<li>31% identifying as Other VP/Director/Manager</li>
<li>23% identifying as CEO/President/Owner</li>
<li>7% identifying as Treasurer/Treasury Manager</li>
<li>5% identifying as Accounting or Comptroller</li>
</ul>
The data comes from clients across various industry segments including:
<ul>
<li>Consumer and Retail</li>
<li>Healthcare</li>
<li>Business and Professional Services</li>
<li>Digital, Technology and Communications</li>
<li>Industrials</li>
<li>Non-profits (U.S.-only)</li>
</ul>
The respondents to the survey were spread across geographies &ndash;
<ul>
<li>43% of respondents are from organization headquartered in North America;</li>
<li>34% of respondents are from organizations headquartered in Asia Pacific;</li>
<li>15% of respondents are from organizations headquartered in Europe, Middle East, Africa;</li>
<li>8% of respondents are from organizations headquartered in Latin America.</li>
</ul>
<hr />
<h2>About Citi</h2>
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Additional information may be found at&nbsp;<a href="http://www.citigroup.com/" target="_blank" rel="noopener" data-link-source="tiny">www.citigroup.com</a>&nbsp;| Twitter:&nbsp;<a href="https://twitter.com/citi" target="_blank" rel="noopener" data-link-source="tiny">@Citi</a>&nbsp;| LinkedIn:&nbsp;<a href="http://www.linkedin.com/company/citi" target="_blank" rel="noopener" data-link-source="tiny">www.linkedin.com/company/citi</a>&nbsp;| YouTube:&nbsp;<a href="http://www.youtube.com/citi%7C" target="_blank" rel="noopener" data-link-source="tiny">www.youtube.com/citi</a>&nbsp;| Facebook:&nbsp;<a href="http://www.facebook.com/citi" target="_blank" rel="noopener" data-link-source="tiny">www.facebook.com/citi</a>&nbsp;
Media Contact
Sarah Mac Rory: <a href="mailto:sarah.macrory@citi.com" data-link-source="tiny">sarah.macrory@citi.com</a>, +44 20 7508 3822

Inflation and Market Volatility remain the biggest concerns for business leaders of mid-sized corporates globally, finds Citi Commercial Bank Survey

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