Citigroup Acquires Forum Financial Group
22 December 2003, New York - Citigroup (NYSE:C) today closed its previously announced acquisition of Forum Financial Group.
About Citigroup
Citigroup (NYSE: 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, Banamex, and Travelers Life and Annuity. Additional
information may be found at: www.citigroup.com.
About Citigroup’s Global Transaction Services
Citigroup’s Global Transaction Services is a leading provider
of integrated cash management, trade finance and securities services
for corporations, financial institutions, intermediaries and governments
around the world. With over $100 billion in average liability balances,
more than $5.8 trillion in assets under custody and the largest proprietary
branch network, Citigroup’s award-winning operating systems
and Internet-based delivery channels enable clients to manage and
monitor working capital and investments more efficiently, streamline
transaction processing cycles, and re-engineer receivables and payment
processes. Citigroup® Global Transaction Services provides clients
with access to Citigroup’s full range of capabilities and solutions
along with an on-the-ground presence and in-depth knowledge of more
than 100 local markets. For additional information, see www.citigroup.com/transactionservices.
Citigroup’s Global Transaction Services is part of Citigroup's
global corporate and investment banking group, which provides complete
financial solutions to corporations, governments and institutional
investors in more than 100 countries. Award-winning businesses include
corporate and investment banking, sales and trading, transactions
services, commercial finance and insurance products. Additional information
can be found at: www.citigroupgcib.com
About Forum Financial Group
Forum Financial Group is a leading service provider to the global
mutual fund, hedge fund and offshore fund industries. From its operation
centers in the United States, Poland and Bermuda, Forum provides comprehensive
administration, fund and partnership accounting, transfer agency,
shareholder services and custody for all types of pooled investment
vehicles. Forum's domestic operations are headquartered in Portland,
Maine. For more information, visit www.forum-financial.com
