30th May, 2008
Nikko Citi Holdings Announces Organizational Changes
FOR IMMEDIATE RELEASE
Citigroup Inc. (NYSE: C)
May 30, 2008
Nikko Citi Holdings Announces Organizational Changes
Tokyo – In order to drive Citi's group-wide strategy in Japan more effectively and to further facilitate group-wide management and operations, Nikko Citi Holdings Inc. today announced the following organizational changes:
Noriyuki Ogasawara has been appointed as Chief Administrative Officer to head the Corporate Administration Division.
Naoki Inoue has been appointed as Chief Strategy Officer to head the Strategic Planning Division. He will also assume senior oversight responsibility for Citi's Global Wealth Management businesses in Japan, including Nikko Cordial Securities.
Anthony P. Della Pietra Jr. has been appointed as Chief Investment Officer to oversee a newly established Investments Division. He will assume senior oversight responsibility for Citi's principal investment and alternative investment businesses in Japan.
Nikko Citi Holdings also announced that Louis J. Royer has been appointed as Chief Compliance Officer, overseeing group-wide compliance. Mr. Royer, a veteran Citi in-house lawyer, most recently served as head of the Corporate Banking legal team of Citibank Japan Ltd. He replaces Tetsuo Matsugaki, who has served as acting Chief Compliance Officer since May 1, 2008 and who will soon take up another senior position within the group.
As announced in a separate press release today, Sim S. Lim will become CEO and representative executive officer of Nikko Citigroup Limited effective as of June 30, 2008. He will also join the board of directors of Nikko Citi Holdings as a non-executive director.
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Citi
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing 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, and wealth management. Citi's major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.
Certain statements in this document are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors. More information about these factors is contained in Citigroup's filings with the Securities and Exchange Commission.
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