Citi today announced that Eric Aboaf has been appointed Treasurer of Citigroup, reporting to Chief Financial Officer Ned Kelly.
Mr. Aboaf will manage Citi’s balance sheet and will be responsible for ensuring strong liquidity, asset and liability management and optimization of our capital structure.
He will work closely with all of Citi’s businesses within both Citicorp and Citi Holdings to support their funding needs and optimize capital deployment. Mr. Aboaf will also work closely with external regulators and rating agencies. He will communicate with and expand our base of fixed income investors.
“Eric brings invaluable experience as CFO of both our major businesses to the role of Treasurer as we seek to more fully integrate Treasury with our businesses as well as Risk,” Mr. Kelly said.
Mr. Aboaf has made a significant contribution in Finance at Citi, including his most recent role as CFO of the Institutional Clients Group. He has also held the positions of CFO of Global Consumer as well as Head of Financial Planning and Analysis. Prior to joining Citi in 2003, Mr. Aboaf was co-head of Bain’s U.S. Financial Services practice. In addition to working closely with all of the businesses, he will work closely with the Risk organization.
Mr. Aboaf is a summa cum laude graduate of the Wharton School of Business at the University of Pennsylvania and holds a Masters of Science degree from Massachusetts Institute of Technology.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.
Contacts
Citigroup Inc.
Media:
Jon Diat, 212-793-5462
Susan Thomson, 212-783-3411
or
Investors:
Scott Freidenrich, 212-793-2267
or
Fixed Income Investors:
Craig Leslie, 212-793-8090
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