Citi Names Paul H. Simpson as Head of Global Public Sector and Healthcare Markets for its Global Transaction Services Business

    New Position Reflects Importance of Growing Market Segments for
Transaction Services

    NEW YORK, October 29 /CNW/ - Citi Markets & Banking announces that Paul
H. Simpson is joining its Global Transaction Services division in December to
head global efforts around the Public Sector and Healthcare market segments.
Reporting directly to Paul Galant, CEO of Global Transaction Services, Paul
Simpson will assume this new global role to sharpen the focus on solutions and
services for clients in the Public Sector and Healthcare markets -- segments
that Citi considers key to the overall growth of transaction services. The
Public Sector includes governments, not-for profit institutions and other
governmental entities, including postal institutions. The Health care sector
includes pharmaceuticals, hospitals, and equipment and lab manufacturers as
well as healthcare plans and HSA accounts.

    Paul Galant, CEO of Global Transaction Services said: "We are thrilled to
have Paul join Citi. He is a recognized leader in the Treasury Services
industry with a proven track record of product development and innovation. His
experience will enable us to further accelerate the development of
best-in-class solutions for clients in the Public Sector and Healthcare
markets -- sectors that represent significant growth opportunities for our

    Simpson joins Citi from JP Morgan Chase, where he held several roles in
Treasury Services since 2001. In his most recent role - Treasury Services
Business Executive - Simpson had global responsibility for a variety of
innovative Treasury Services products, including Trade Services and Logistics,
Public Sector, Wholesale Card Services (Commercial Card, Prepaid/Stored Value,
Order-to-Pay) and Healthcare. In addition to his product roles, he was active
in new business development and during his tenure he completed four major
strategic acquisitions.

    Prior to his position with JP Morgan Chase, Paul was Managing Director
and Head of eCash Solutions and Global Bank Export Services for Deutsche Bank.
Before joining Deutsche, he worked for Bankers Trust as the Global Head of
Trade Services, and for the Australia and New Zealand Banking Group (ANZ) as a
Senior Manager in the Investment bank in both Sydney and New York.

    Paul holds an MBA in Finance, Economics and International Business from
New York University, and a BS in Russian from Georgetown University in
Washington, D.C. An industry leader who has been recognized as one of the Top
100 finance professionals in the U.S. by Treasury & Risk Management magazine,
Paul has served on many editorial boards of several prominent industry
publications and has participated on the advisory committees and boards of
several leading industry organizations.

    Global Transaction Services, a division of Citi Markets & Banking, offers
integrated cash management, trade, and securities and fund services to
multinational corporations, financial institutions and public sector
organizations around the world. With a network spanning over 100 countries,
Citi's Global Transaction Services supports over 65,000 clients. As of the 3rd
quarter of 07, it held $255 billion in liability balances under administration
and $12.5 trillion in assets under custody and trust.

    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, Citi
Smith Barney and Banamex. Additional information may be found at or

For further information:

For further information: Citi Nina Das, 212-816-9267

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