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Citibank Celebrates Opening of First Financial Center in Boston.


Bank Branch to Offer Smith Barney's Wealth Management Services

BOSTON -- Citibank today celebrated the grand opening of its first Financial Center in Boston and broke new ground by introducing the wealth management services of Smith Barney's Financial Advisors within the bank branch, offering clients two of the strongest names in financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 in one location. To commemorate the event, Charles Prince For other persons named Charles Prince, see Charles Prince (disambiguation).
Charles O. "Chuck" Prince, III, born January_13, 1950, is the chief executive officer (CEO) and chairman of Citigroup.
, Citigroup Chairman and Chief Executive Officer, and Mayor Thomas Menino Thomas Michael Menino (born December 27, 1942) is the mayor of Boston, Massachusetts, United States and the city's first Italian-American mayor. Biography
Born in Readville, a part of Boston's Hyde Park neighborhood, Menino was educated at Chamberlayne Junior College (AA,
 hosted a ribbon-cutting ceremony at the new branch, located at 491 Boylston Street Boylston Street is the name of a major east-west thoroughfare in the city of Boston, Massachusetts and its western suburbs. It begins at its eastern end in central Boston as the continuation of Essex Street at the intersection of Tremont, and forms the southern boundary of Boston .

"Citigroup is thrilled to expand our services by opening our first Citibank Financial Center in Boston," said Mr. Prince. "By bringing Citibank and Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world.  together under one roof, we can provide clients with both Citibank's industry-leading banking services and the wealth management expertise of Smith Barney. This is a great example of how Citigroup's businesses are working together to provide expanded access Expanded access refers to the inclusion of patients in a clinical trial for a new therapeutic treatment or chemical entity, where those patients would not satisfy the enrolment criteria for the scientific study in progress.  and a superior experience for our clients." Mr. Prince noted that in addition to serving new clients in the city, the new Financial Center brings a tremendous opportunity to better serve the one million-plus Citigroup clients already living in the Boston area.

The Boston branch represents the first step in a broader effort to bring Smith Barney Financial Advisors into all U.S. Citibank Financial Centers, allowing the firm to better serve clients by offering the wealth management and investment expertise of Smith Barney.

"Citibank is proud to establish our first Financial Center in Boston - the first of many branches that we plan to open in this growing and vibrant community," said Maura Markus, President of Citibank North America. "And with our great partners at Smith Barney, we are making financial services easier, more convenient, and more client-friendly."

Added Craig Pfeiffer, Smith Barney Private Client Group Executive Vice President: "Through this partnership, we can provide Citibank clients a greater level of holistic financial advice while providing our current Smith Barney clients convenient and often fee-free banking services. Smith Barney has long been a part of this city, and we're happy to offer to a broader base our Financial Advisors and their expertise."

To commemorate the opening, Citibank presented a grant of $50,000 to WriteBoston, a citywide initiative to mobilize schools, families, and community agencies to improve writing proficiency among Boston high school This article is about a high school in England. For a high school in the United States, see Boston High School (Massachusetts).

Boston High School, also known as Boston High School for Girls
 students.

"We are proud to provide this grant to WriteBoston," said Dina Debs, Financial Center Manager. "At Citibank, we are committed to helping make a difference in the communities where we work and live."

"With this gift, WriteBoston will be able to help hundreds of Boston high school students improve their writing skills, enriching their lives and creating more opportunities for their future," said Betty Southwick, Director of WriteBoston. "We thank Citibank for helping us to reach yet another Boston school."

Citibank's Copley Financial Center offers three ATMs and is open Monday through Friday from 8:00 am to 6:00 pm, and Saturday from 9:00 am to 3:00 pm. Representatives will be able to assist customers in English, Spanish, Hindi, Mandarin, Arabic, Korean, and Laotian. Consumers are offered around-the-clock banking through onsite ATMs, online banking, and telephone banking services.

Citibank is a member of Citigroup, the leading global financial services company, which 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, insurance, securities brokerage, and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, and Banamex. Additional information may be found at www.citigroup.com.

Smith Barney is the private wealth management unit of Citigroup. It is a leading provider of comprehensive financial planning Financial planning

Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against
 and advisory services advisory services

advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal
 to high net worth investors, institutions, corporations and private businesses, governments and foundations. With more than 13,000 financial advisors in some 600 offices, Smith Barney offers a full suite of investment services, including asset allocation Asset Allocation

The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio.
, private investments and lending services, hedge funds, cash and portfolio management, as well as retirement, education and estate planning Estate Planning

The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death.

Notes:
Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the
. A division of Citigroup Global Markets Inc., (Member SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. ), the firm currently has more than 9 million client accounts, representing nearly $1.2 trillion in client assets. Additional information may be found at: www.smithbarney.com.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 2, 2006
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