Citibank Canada adds Montreal executive to Board of Directors

TORONTO, May 18 /CNW/ - Betty K. DeVita, Chairman of Citibank Canada, is pleased to announce the appointment of Stuart H. (Kip) Cobbett to the Citibank Canada Board of Directors.

Mr. Cobbett is a partner at Stikeman Elliott LLP, in Montreal. A graduate of McGill University, he is currently Chair of the institution's Board of Governors. He is also a director of the John Dobson Foundation and the McCord Street Sites in Montreal.

"We're thrilled to add someone of Mr. Cobbett's caliber to our Board of Directors, whose career to date has demonstrated significant success at the senior executive level," says DeVita. "His diverse experience as a strategic leader will be beneficial to the Board's deliberations as we continue to deliver on Citi's global strategy."

"I am pleased to accept this role with one of the world's top financial institutions," says Cobbett. "I am already impressed with the Citibank Canada team and its ability to leverage the company's unique global reach to the benefit of its Canadian clients."

The Citibank Canada Board of Directors is the governing body for Citi's federally regulated bank, including its Global Transaction Services; Capital Markets and Citi Private Bank divisions; and, its Global Banking unit, which comprises both its investment and corporate banking businesses in Canada.

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.

For further information: Troy Underhill, Citi Communications, [phone]