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Citigroup Inc. (NYSE: C)
January 09, 2007
National Urban League Elects Ajay Banga to Board of Trustees
New York – The National Urban League (NUL) today announced that Ajay Banga, Chairman and Chief Executive Officer of Citigroup’s Global Consumer Group- International, has been elected to its Board of Trustees. Mr. Banga is strongly committed to supporting NUL’s mission to empower African-Americans to enter the economic and social mainstream.
"I am pleased to join the National Urban League’s Board of Trustees," said Mr. Banga. "NUL’s dedication and commitment to serving the needs of the African-American community has empowered thousands of individuals and families and strengthened communities across the country. At Citigroup, we have long felt a part of the NUL family, sharing common goals, partnering on programs to foster financial education, homeownership and job training, and working together in times of crisis to provide hope to the victims of Hurricane Katrina. Together, we have accomplished a lot, and I look forward to our continued relationship.”
“We are excited and pleased that Mr. Banga has agreed to join the Board of Trustees for the National Urban League. His leadership, experience and participation as a governing member of our organization further deepens our relationship with Citigroup and their outstanding commitment to the mission of equal opportunity for all people,” said Marc H. Morial, President and CEO, National Urban League.
As Chairman and CEO of Citigroup’s Global Consumer Group International businesses, Mr. Banga’s responsibilities include all credit card, retail banking, and consumer finance operations in Asia, Japan, Europe/Middle East/Africa, Latin America, and Mexico. Previously he served as an Executive Vice President of the Global Consumer Group and President of Retail Banking North America.
Mr. Banga is a member of Citigroup’s Business Heads, Operating, and Management Committees, and co-head of the Global Consumer Group’s Planning Committee. Mr. Banga is also a member of the Financial Services Roundtable, Vice-Chairman of the Board of Trustees of the New York Hall of Science, and Citigroup’s business sponsor to the African American Employee Heritage Network. He is an alumnus of the Indian Institute of Management in Ahmedabad, India. In 2004, Citigroup and The National Urban League announced a national partnership to launch a financial education program in seven U.S. cities - New York, Rochester, Chicago, Hartford, Los Angeles, San Diego and Sacramento. The program provides training on basic banking, money management, saving, investing, and credit.
This year, the Citigroup Foundation announced a one-year grant for $745,000 to expand the program to six new locations - Philadelphia, Stamford, Long Island, Baltimore, New Orleans, and St. Louis.
In November 2005, Citigroup received the “Corporate Leadership Award” during NUL’s Equal Opportunity Day Awards Dinner in recognition of Citigroup’s vision, achievements, leadership and continued commitment to equal opportunity.
Citigroup also supports NUL’s Hurricane Katrina relief efforts, Annual Conference, Legislative Policy Conference, Day of Service and Annual Equal Opportunity Day Awards.
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Citigroup
Citigroup, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing 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. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com.