The Citigroup Private Bank Promotes Frances Sevilla-Sacasa to Head of Latin American Market Region

The Citigroup Private Bank announced today that Frances Sevilla-Sacasa has been promoted to Head of the Latin American Market Region. Ms. Sevilla-Sacasa had formerly been Managing Director, Southeast Region Head for the U.S. division. Reporting directly to Peter K. Scaturro, Chief Executive Officer of The Citigroup Private Bank, Ms. Sevilla-Sacasa will remain in Miami and will also be responsible for managing The Private Bank offices throughout Latin America which includes offices in Argentina, Brazil, Chile, Mexico and Uruguay. On Monday, Citigroup announced its earnings which included a record quarter for The Private Bank with after tax net income of $97 million. This follows the previous record quarter established in the 4th quarter of 2000. According to Mr. Scaturro, "Client acquisition, earnings and cross-sell are all at record levels thanks to the commitment and dedication of all Private Bank employees." The Citigroup Private Bank, one of the largest private banking businesses in the world, provides personalized wealth management services for clients through 90 offices in 58 cities in 32 countries. The Citigroup Private Bank offers unmatched global reach, coupled with a full range of portfolio management and investment advisory services from Citigroup Asset Management, an array of structured lending and banking services, as well as expertise from the Global Corporate and Investment Bank.