Citibank 2006 Annual Report Download

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Table of contents

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    our shared responsibilities We have a responsibility to our clients We must put our clients first, provide superior advice, products and services, and always act with the highest level of integrity. We have a responsibility to our franchise We must put Citi's long-term interests ahead of each unit...

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    ... 18 16% (11)% 2% 7% (94)% (12)% Capital Markets and Banking Transaction Services Other Total Corporate and Investment Banking GLOBAL WEALTH MANAGEMENT Smith Barney Private Bank Total Global Wealth Management CITIGROUP ALTERNATIVE INVESTMENTS CORPORATE/OTHER INCOME FROM CONTINUING OPERATIONS INCOME...

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    2

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    the Citi leadership team (for names, see last page of this Annual Report) 3

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    ...progress in bringing the power of one Citi to our Citi Smith Barney, Citibank, CitiMortgage, Citi Cards, and Student Loan clients by offering a broader array of products-retail banking, commercial lending, mortgages, investments-through pilot programs in our Boston and Philadelphia Financial Centers...

  • Page 7
    ...-wide accounting change related to equity compensation in early 2006. Excluding this accounting change, expense growth was generally in line with our expectations as we continued to invest aggressively in our organic growth initiatives, including opening an average of three branches a day in 2006...

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    ...equipped in the global economy to effectively address the needs of its clients, provide great opportunities to its people, reward its shareholders, and contribute to the economies in which it operates. I also believe that all of us in the Citi community-employees, shareholders and clients-should get...

  • Page 9
    one citi The stories of Citi today are stories of collaboration--working across our businesses to find better solutions for our clients. Here are a few of those stories. 7

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    ...Anand Cavale, Citibank Singapore's Business Director for Credit Payment Products; Nicole Ang, Head of Core Cards; and Nigel Siah, Product Manager, were coming to work every morning last year, it never dawned on them that they were making history. But when that first client gently placed her finger...

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    Nigel Siah, Anand Cavale, and Nicole Ang in Singapore

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    ... of our major business lines-Markets and Banking and the Citi Private Equity Group of Citi Alternative Investments (CAI)-on behalf of one of our most valued and long-term clients, General Motors. "In my 18 years here, this was one of the most exciting and complicated deals I've ever worked on," said...

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    ..., Citi's GMAC story became the "Deal of the Year" for Euromoney and Investment Dealers' Digest. Millie: "GMAC is one of the reasons why I love working at Citi. I just can't imagine this kind of deal happening someplace else." Concluded Lenard Tessler, Managing Director and Co-head of Private Equity...

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    ... Distribution Director in Greece. The shared vision of our Markets and Banking and Global Consumer Group teams created Bank at Work, one of Citi's most innovative programs, which offers retail banking services to employees of our corporate clients. But more than that, it demonstrates the power of...

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    one more foothold

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    ... ever in the growing retail markets of Central America. The story of Citi in the region goes back to 1904 when our predecessor company, the International Banking Corporation (IBC), opened a corporate banking office in Panama to help fund the building of the Panama Canal. Soon afterward, we built...

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    one powerful team

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    ... number of branches around the world. In effect, this pilot program would help showcase the power of one Citi to our Citibank and Citi Smith Barney clients in Boston (also in Philadelphia) by offering them a broader array of retail banking, commercial lending, mortgages, and investment products...

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    ...-assessing BRAC's microloan credit policies, processes, reporting, and information systems. Finally, our Securitization Group provided structuring expertise and its Export Finance Group worked closely with global institutional partners and investors, FMO (Netherlands), and KfW (Germany) to conclude...

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    one more solution Shams Zaman and a microloan client in Bangladesh

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    ... clients Began offering Citibank products in select CitiFinancial branches in the U.S. Offered home equity loans and Citi credit cards through Citi Smith Barney branches Started Bank at Work in eight countries: Chile, Czech Republic, Korea, Malaysia, Pakistan, the Philippines, Singapore, and Turkey...

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    ... Newman Trinidad & Tobago Dennis Evans Tunisia David Garner Turkey Steve Bideshi Uganda Shirish S. Bhide Ukraine Nadir Shaikh UAE Mohammed Al-Shroogi United Kingdom Michael J. Kirkwood Uruguay Daniel Varese Venezuela Francisco Aristeguieta Vietnam Charly Madan Virgin Islands see Puerto Rico Zambia...

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    Indonesia Japan New York Bahamas Mexico Netherlands Brazil Baltimore China Barbados one global community making the world just a little bit better On November 18, 2006, more than 45,000 Citi employees with their friends and families participated in volunteer activities in 475 cities in 100...

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    Poland Taiwan Turkey China United Kingdom Korea Ecuador Peru India Kenya 500,000 lives were improved, 100,000 meals were served, 10,000 trees were planted, 8,000 tons of food were collected All of it in just one day.

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    ... CEO, Europe, Middle East & Africa Global Consumer Group 34. Raymond J. McGuire Co-head, Global Investment Banking 35. Vikram A. Atal Chairman & CEO Citi Cards 36. Ajay Banga Chairman & CEO Global Consumer Group-International 37. William R. Rhodes Chairman, President & CEO, Citibank, N.A. Chairman...

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    ... Kleinfeld President & CEO, Siemens AG Andrew N. Liveris Chairman & CEO, The Dow Chemical Company Dudley C. Mecum* Managing Director, Capricorn Holdings, LLC Anne M. Mulcahy Chairman & CEO, Xerox Corporation Richard D. Parsons Chairman & CEO, Time Warner Inc. Charles Prince Chairman & CEO, Citigroup...

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