Citigroup

History

The history of Citigroup dates back to the founding of Citibank in 1812, Bank Handlowy in 1870, Smith Barney in 1873, Banamex in 1884, and Salomon Brothers in 1910. Citigroup Inc. was formed when all Citicorp and Travelers Group divisions merged in 1998. Today, it’s a pre-eminent financial services company, serving millions of customers worldwide.

Area of Operation

The businesses of Citigroup are:
For Individuals:

• International Banking and Investment

For Corporations, Governments & Institutions:

• Small and Medium-Sized Business
• Corporate & Investment Banking Services
• Treasury & Cash Management Services
• Fund and Securities Services
• Government Services
• Benefit Services & Asset Management

Key Statistics

• Citigroup holds assets of $1,746.25 billion.
• Citigroup has made profits of $23.39 billion in 2006.
• Citigroup operates in more than 100 countries and territories.
• Citigroup has 303,000 employees.

Organization

Citigroup is organized into three major business groups – Citigroup Global Consumer Group, Corporate and Investment Banking and Global Wealth Management. In addition, the company has one stand-alone business, Citigroup Alternative Investments.

The corporate governance includes:

• Chairman
• Board of Directors
• Board of Directors’ Committees
• Management Committee
• Senior Management
• Senior Advisors
• Executives

International Ranking

• Citigroup ranks 1st in the world according to Forbes Magazine list.
• Citigroup ranks 14th in Fortune Global 500 list.
• Citigroup ranks 4th in the world according to the FT Rankings.

Recent Merger and Acquisition

2000:

• May 1: The acquisition of the investment-banking business of Schroders PLC by Salomon Smith Barney.
• May: Citigroup Copelco Capital, Inc. acquired 130-year-old Bank Handlowy w Warszawie SA, leading corporate bank in Poland.

2001:

• A combined Bank Handlowy-Citibank (Poland) SA merger was completed in February.
• July 20: Citigroup acquired 15% of each of the five financial-services companies in Fubon Group.
• November 30: Citigroup acquired Associates First Capital Corporation.
• November: Citibank acquires Kenyan business from ABN AMRO Bank.

2002

• November 7: Citigroup acquired Golden State Bancorp, parent company of First Nationwide Mortgage and Cal Fed.

2003

• August 30: The Citibank (New York State) legal entity merges with Citibank, N.A. legal entity.
• July 29: Citigroup announced plans of acquiring the majority of Diners Club Europe from GTP Holding SpA.
• November 3: Citigroup acquired Sears Credit and Financial Products’ credit-card business.
• December 22: Citigroup acquired Forum Financial Group.

2004

• January 9: Washington Mutual Finance Corporation was acquired and it joined the CitiFinancial family.

Headquarter Address

Citigroup, Inc.
399 Park Avenue
New York, NY 10043
USA
Phone: (212) 559-1000
Fax: (212) 793-3946