The world's second-largest financial services company by assets (Japan's Mizuho Holdings is #1), Citigroup offers credit card, banking (mainly through subsidiary Citibank), asset management, insurance, and investment banking services through more than 5,600 locations worldwide. Subsidiaries include brokerage Salomon Smith Barney, insurer Travelers Life and Annuity, consumer lending unit CitiFinancial, and Primerica Financial Services (term life insurance and asset management). Citigroup is also a leader in online financial services. The firm is using some of the proceeds from its spinoff of Travelers Property Casualty to buy Golden State Bancorp, the parent of Cal Fed, the third-largest thrift in the US.
Top Competitors: Deutsche Bank | J.P. Morgan Chase | Merrill Lynch
KEY NUMBERS
NYSE: C
Fiscal Year-End: December 2001 Sales (mil.): $112,022 1-Yr. Sales Growth: 0.2%
2001 Net Inc. (mil.): $14,284 1-Yr. Net Inc. Growth: 5.7%
2001 Employees: 272,000 1-Yr. Employee Growth: 18.3%
KEY PEOPLE
Key People
Chairman and CEO:
Sanford I. (Sandy) Weill
Chairman of the Executive Committee and Director:
Robert E. Rubin
Senior Vice Chairman:
Victor J. Menezes
Senior Vice Chairman and Senior International Officer:
William R. Rhodes
Vice Chairman; Chairman and CEO, Citigroup International: Sir Deryck C. Maughan
