FOR IMMEDIATE RELEASE
Citigroup Inc. (NYSE: C)
November 16 2007

New York – Citi today announced the appointment of Jorge A. Bermudez as Chief Risk Officer, with responsibility for market, credit, and operational risk and compliance around the world for Citi and all of its subsidiary companies. The appointment is effective immediately, and Mr. Bermudez will report directly to acting CEO Sir Win Bischoff.

Sir Win said, "Jorge brings extensive experience in managing risk and a deep understanding of our complex businesses. We welcome him to this new role, and look forward to his contributions in enhancing Citi's risk management and compliance."

Citi also has formed an advisory committee of senior leaders from across the company that will provide input on ways to strengthen Citi's risk management processes. Mr. Bermudez has appointed three initial members to that Committee: Brian Leach, Chief Risk Officer and Co-COO for Old Lane; David Lipton, Head of Global Country Risk and former Undersecretary of Treasury for International Affairs; and Hamid Biglari, Head of Investment Banking's Financial Institutions Group. These members, and others who will be named over time, will serve on the committee while retaining their ongoing responsibilities within Citi.