Citi Private Bank Appoints Steven Wieting Global Chief Strategist to Provide Investment Recommendations to Clients around the

  Citi Private Bank Appoints Steven Wieting Global Chief Strategist to Provide
  Investment Recommendations to Clients around the World

Business Wire

LONDON -- May 7, 2013

Citi Private Bank today announced the appointment of Steven Wieting as Global
Chief Strategist, with responsibility for formulating investment views and
strategies for the business and its clients around the world.

Steven is currently Managing Director and US Economist in Citi Research, and
is held in high regard for his views including his extensive work on
demographic and policy challenges with a focus on the implications for
long-term asset market performance.

Steven will report to Eduardo Martinez Campos, Global Head of Investments at
Citi Private Bank, and will remain based in New York in the role. He will be
appointed Chair of the Global Investment Committee for the Private Bank, and
joins the Investments Leadership Team.

Commenting on the appointment, Eduardo Martinez Campos said: “Steven is an
economist, investment professional and thought leader of the highest calibre,
and we are happy to bring his extensive experience at Citi and elsewhere to
this pivotal role in the Private Bank. Our clients around the world will
benefit from his investment views and strategies on both a macro basis and
across asset classes.”

Steven Wieting added: “I’m thrilled to continue my career with Citi in joining
the Private Bank as Global Chief Strategist. My time as US Economist was very
professionally rewarding, and I look forward to bringing the experience I’ve
gained to the Private Bank, and working with bankers, investment professionals
and others to advise our global clients.”

Steven joined Smith Barney in 1996 and was appointed Lead Economist for
Citigroup's US Institutional Equities business in 2000. In this role, Steven
advised Citi's institutional investor and government clients globally on using
macro developments to guide their portfolio decisions. While serving as both
an economic forecaster and advisor to asset managers, Steven examined credit,
commodity and foreign exchange market influences as well as corporate earnings
forecasts and equity market insights.

He also served as economic advisor to the Morgan Stanley Smith Barney Global
Investment Committee until early 2013 and was a voting member of predecessor
Asset Allocation Committees at Citi. Prior to joining Smith Barney, Steven was
an economics correspondent with Dow Jones, and he also served as a contributor
to the Wall Street Journal’s "Credit Markets" column. Previously Steven worked
for the US Department of Commerce.

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Citi Private Bank

Citi Private Bank advises the world’s wealthiest, most influential individuals
and families and has relationships with a third of all billionaires. Citi
Private Bank offers clients products and services across our global network,
covering capital markets, managed investments, portfolio management, trust and
estate planning, investment finance, and banking in addition to art, aircraft
and sports advisory and finance.

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 www.citigroup.com | Twitter: @Citi |
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Contact:

Citi
Duncan Smith
+44-(0)-207-508-7281
or
Natalie Marin
+1-212-816-8022