Citigroup`s Chandresh Iyer Named `SMA Player of the Year` by Fund Action and Fund Directions

Citi Executive Cited for Innovative Product Development of OpenWealthSM

NEW YORK--(Business Wire)--
Citigroup today announced that Chandresh Iyer, Global Head of Investment
Administration Services and Global Custody, was named the "SMA Player of the
Year" by Fund Action and Fund Directions -- publications of Institutional
Investor. The SMA Player of the Year is awarded to "a prominent figure in the
separately managed accounts industry in recognition of their overall influence
over the industry."

This year`s award was in recognition for Citi`s OpenWealthSM the first Unified
Managed Household platform for sponsors and other distributors of managed
accounts. OpenWealthSM provides several unique tools and features for
distributors and sponsors of managed accounts including:

* One unified scalable platform across all managed account products and security
types
* Automated rebalancing and tax optimization across an investor`s household of
accounts
* Automated overlay and allocation processing with an integrated OMS reducing
sponsor costs
* Robust pre-trade compliance tools and modeling capabilities to support all
types of Rep-as-PM (what does this mean) and Rep-as-Advisor programs
* Household reporting of managed and unmanaged assets, including assets held
away from the sponsor organization

Since its introduction, OpenWealthSM has quickly received very positive market
reception and wide acceptance. Dennis McDonald, Head of Product Development for
TIAA-CREF`s Individual Products group, the flagship client for OpenWealthSM:
said, "Our selection of Citi`s OpenWealthSM platform allows us to meet the needs
of our clients with industry-leading customized, goal-oriented portfolio
management that is responsive to individual client objectives and investment
preferences. It reduces the number of systems and parties with which we need to
interface to deliver a highly flexible managed account platform capable of
handling a broad array of investment products."

"Chandresh has achieved a market-wide reputation for thought leadership and deep
knowledge in the investment industry," said Neeraj Sahai, Global Head of
Securities and Fund Services, Citi. "This prestigious award from Fund Action and
Fund Directions confirms the industry`s recognition of Chandresh as a leader in
managed accounts who develops innovative solutions which deliver bottom-line
benefits to Citi`s investment manager and distributor clients. We`re extremely
proud to have him on our team."

Through its Securities and Fund Services business, Citi`s industry-focused
experts provide investors worldwide with tailored solutions delivered through
proven global platforms that feature modular, open architecture. With over $11.8
trillion of assets under custody and the industry's largest proprietary network,
clients can leverage Citi's local market expertise and global reach to extract
value across the entire investment value chain.

Global Transaction Services, a division of Citigroup`s Institutional Clients
Group, offers integrated cash management, trade, and securities and fund
services to multinational corporations, financial institutions and public sector
organizations around the world. With a network that spans more than 100
countries, Citigroup`s Global Transaction Services supports over 65,000 clients.
As of the first quarter of 2010, it held on average $319 billion in liability
balances and $11.8 trillion in assets under custody.

About Citigroup

Citigroup, the leading global financial services company, has approximately 200
million customer accounts and does business in more than 140 countries. Through
its two operating units, Citicorp and Citi Holdings, Citigroup provides
consumers, corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and credit,
corporate and investment banking, securities brokerage, transaction services,
and wealth management. Additional information may be found at www.citigroup.com
or www.citi.com.

Citi
Media Relations
Nina Das, 212-816-9267
E-mail: nina.das@citi.com

Copyright Business Wire 2010