CITI PRIVATE BANK NAMES ROBERT LAUGHLIN HEAD OF CITI TRUST, NORTH AMERICA

New York-Citi Private Bank today announced that Robert Laughlin will join as Managing Director and Head of Citi Trust, North America. He will be based in New
York.

"We are thrilled to welcome Rob who will bring exceptional leadership to our Trust business in the U.S. and Canada. He is going to play a critical role in streamlining our North American sales and trust administration processes and in further establishing Citi Private Bank as a leader in comprehensive wealth planning services for ultra high net worth families globally," said Peter Charrington, CEO of Citi Private Bank, North America.

"Rob's depth of trust and estate planning experience position us well to further strengthen our global trust business by offering cross border opportunities for
clients and their families wanting access to our North American platform, while continuing to assist them with their complex needs in areas relating to estate
planning, charitable giving and business succession planning," said Paul James, Global Head of Citi Trust Services.

Mr. Laughlin brings more than 20 years of experience and joins from Neuberger Berman where he was Chairman and President of Neuberger Berman Trust Company N.A. which provides trust, estate and investment services to high net worth individuals and small to mid-sized institutional clients. Prior to Neuberger Berman, Mr. Laughlin spent more than 10 years with JPMorgan in various leadership roles, including acting as head of its Delaware and international fiduciary services business. Prior to JPMorgan, Mr. Laughlin worked as a trust and estate associate with the law firm of Chadbourne & Parke and as a senior accountant at Deloitte & Touche.

Mr. Laughlin is a member of the Executive Committee of the Trust Management Association, Inc. and serves as a Board and Finance Committee Member of Double H Ranch, a charitable organization located in Lake Luzerne, NY. Mr. Laughlin received his undergraduate degree from Syracuse University and a law degree from Fordham University. He is also a Certified Public Accountant in New York.

"I look forward to working closely with Citi Private Bank's regional leaders, private bankers and trust specialists to continue delivering the comprehensive
planning and consultative services its ultra high net worth family clients, individuals and charitable entities have come to expect," said Mr. Laughlin. "Citi's seamless global platform is truly a differentiator as it allows us to offer clients cross border fiduciary and investment opportunities not available at other private banks," he continued.

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Media Inquiries:

Natalie Marin
(212)816-8022
[email protected]

About Citi:

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. 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 <http://www.citigroup.com> | Twitter: @Citi | YouTube:
www.youtube.com/citi <http://www.youtube.com/citi> | Blog: http://new.citi.com | Facebook: www.facebook.com/citi <http://www.facebook.com/citi> | LinkedIn: www.linkedin.com/company/citi <http://www.linkedin.com/company/citi>

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