Citigroup Statement Regarding Divestiture of Citicorp Electronic Financial Services.Business Editors NEW YORK--(BUSINESS WIRE)--Nov. 26, 2003 Charles O. Prince, Chief Executive Officer, and Robert B. Willumstad Robert B. Willumstad is the Chairman of the American International Group. He was formerly vice chairman of Citigroup. He left Citigroup in July 2005. Citigroup • • , President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , today issued the following joint statement following Citicorp's announcement that it plans to divest all stock of Citicorp Electronic Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , "Today's announcement underscores our commitment to evaluate our portfolio of businesses and focus on those that are core to the company. Citigroup will remain focused on businesses in which we have a leading market position." Citigroup (NYSE NYSE See: New York Stock Exchange :C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, provides 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 asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, 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. , Banamex, and Travelers Life and Annuity. Additional information may be found at: www.citigroup.com. |
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