Steve Bodurtha Joins Citi Private Bank as Managing Director and Head of Investments for North America

Citi Private Bank announced today that Steve Bodurtha will join as Managing Director and Head of Investments for North America. In this role, Mr. Bodurtha will be responsible for managing the investments platform for Citi Private Bank across the U.S. and Canada. He will report to both Peter Charrington, CEO of Citi Private Bank in North America and Global Head of Investments, Shantanu Rastogi.

"We are delighted to have someone of Steve's capability and expertise joining us as we expand our investments offering and build the most sophisticated platform for high net-worth clients," said Mr. Charrington. "His experience and leadership will be critical as we enhance existing capabilities and build the top investment talent in the industry."

Mr. Bodurtha joins from Bank of America Merrill Lynch where for many years he was Head of Investment Products for Merrill Lynch Wealth Management. These products accounted for several billion dollars in revenue and included alternative investments, structured products, stocks, bonds, mutual funds, annuities, insurance, wealth management models, portfolio analytics and due diligence. Most recently, he was Head of Institutional Retirement, Philanthropy & Investments for Bank of America Merrill Lynch.

"I am pleased to be joining at such an exciting time for Citi Private Bank," said Mr. Bodurtha. "Our wealth of expertise and unmatched global footprint will allow us to deliver the best and most innovative investment solutions to our clients."

Mr. Bodurtha is a graduate of Wesleyan University and received his MBA from Harvard Business School.

About Citi

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through Citicorp and Citi Holdings, 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 or www.citi.com.