CORRECTING and REPLACING Citi Extends Leadership Position for ETF Custody and Fund Administration Services in Latin America

  CORRECTING and REPLACING Citi Extends Leadership Position for ETF Custody
  and Fund Administration Services in Latin America

Business Wire

MEXICO CITY, NEW YORK & SAO PAULO -- February 13, 2013

Please replace the release dated February 12, 2013 with the following
corrected version due to changes to the second graph of the release.

The corrected release reads:

                          SERVICES IN LATIN AMERICA

Citi has extended its leadership position in both custody and fund
administration for Exchange Traded Funds (ETFs) in Latin America with new
mandates from BlackRock in Brazil and Mexico.

Citi provided custodial and trustee services for BlackRock's two new iShares
ETFs in Brazil tracking the BM&FBOVESPA Carbon Efficient Index (ICO2) and the
BM&FBOVESPA Public Utilities Index (UTIL), and has expanded its relationship
with BlackRock in Mexico with the custody of the largest ETF product in Latin

“We have a long-standing relationship with Citi across the range of our
exchange traded funds in Latin America  and these mandates  further our
collaboration to provide investors with efficient access to these markets,”
said Armando Senra, BlackRock Head of the Latin America & Iberia Region. “With
Citi’s knowledge of the specialized needs of ETFs and local market
infrastructure and global expertise, we are able to spend more time with our
clients and at growing our business.”

Citi’s regional assets under custody are in excess of $8 Billion. At the end
of the third quarter 2012, Citi’s regional ETF services market share stands at
approximately 80%.

"We are truly pleased to expand our collaboration with BlackRock and to
continue to support them with our local and global capabilities in trade
execution, custody and fund administration throughout Latin America," said
Alejandro Berney, Head of Securities and Fund Services for Latin America,
Citi. “Over the last few years Citi has concentrated on further enhancing our
global support for Exchange Traded Funds. By joining our specialized ETF
knowledge, local market infrastructure and global expertise we are pleased
that we have been able to deliver solutions to our trusted partners. We are
dedicated to continuously ensuring we remain on the frontier of delivering
market innovation to our partners.”

Citi OpenInvestor currently provides services to eleven ETF managers in nine
markets around the world. By offering custody, administration, index receipt
agent, liquidity, depositary receipts and Citi’s trading services across both
active and passive ETFs. Citi focuses on delivering comprehensive support from
strategy development to IPO and implementation.

"With Citi’s more than 70,000 people and on the ground presence in 24
countries, we are exceptionally positioned to provide local and global
capabilities in trade execution, custody and fund administration throughout
Latin America," added Berney. “Leveraging the depth of Citi’s expertise, we
deliver local access, insight and expertise to support the growth of our
clients’ ETF businesses in Latin America.”

Citi OpenInvestor is the investment services solution for today’s diversified
investor that combines specialized expertise, comprehensive capabilities and
the power of Citi’s global network to help clients meet performance objectives
across asset classes, strategies and geographies. Citi OpenInvestor provides
institutional, alternative and wealth managers with middle office, fund
services, custody, investing and financing solutions that are focused on their
specific challenges and customized to their individual needs. For more
information, visit

About Citi Transaction Services

Citi Transaction Services, a division of Citi’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 95
countries, Citi’s Transaction Services supports over 65,000 clients. As of the
fourth quarter of 2012, it held on average $428 billion in liability balances
and over $13.2 trillion in assets under custody.

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts
and does business in more than 160 countries and jurisdictions. Citi 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 | Twitter: @Citi |
YouTube: | Blog: | Facebook: | LinkedIn:


New York
Nina Das, +1-212-816-9267
Mexico City
Angeles Meraz Herrera, +52-33-1226-2307
Latin America
Anthony Ingham, +1-305-347-1400
Sao Paulo
Paulo Sampaio, +55-11-4009-7232
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