HISTORY OF CITI IN AUSTRALIA

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History of Citi in Australia

Our history in Australia spans across five decades. In Australia and New Zealand, Citigroup businesses service more than 1 million consumers and over 900 corporate customers, offering a proven combination of local expertise and global knowledge.

Landmark Events Citigroup in Australia and New Zealand.
1971 First National City Bank acquired 21.7% of Industrial Acceptance Corporation in Australia.
1977 Citicorp Australia Holdings formed and acquired 100% of Industrial Acceptance Corporation.
1982 Citibank commenced operations in New Zealand.
1984 Salomon Brothers established in Australia.
1985 Citibank granted full banking licence in Australia - County NatWest established in Australia.
1997 Salomon Brothers merged with Smith Barney Holdings to form Salomon Smith Barney Holdings in US.
1998 Salomon Smith Barney acquired County NatWest in Australia.
1998 Salomon Smith Barney acquired JP Morgan Asset Management in Australia.
October 1998 Citigroup formed by merger of Citicorp and Travelers Group in US.
January 1999 SSB Asset Management merge with Citibank Global Asset Management - Diners Club Australia fully acquired by Citibank.
October 1999 Salomon Smith Barney acquires Private Client Stockbroking business via acquisition of ANZ retail brokerage.
September 2000 Salomon Smith Barney expands Private Client Stockbroking business via acquisition of HSBC retail brokerage.
September 2000 Salomon Smith Barney expands Private Client Stockbroking business via acquisition of HSBC retail brokerage.
January 2001 Opening of Citigroup Centre, 2 Park Street, Sydney.
May 2002 Launch of Citigold Wealth Management Banking.
April 2003 Salomon Smith Barney and Citibank Corporate Bank join forces and are rebranded Citigroup Global Corporate and Investment Banking Group.
The Private Client Group and Equity Research separate from Salomon Smith Barney and are rebranded Smith Barney.
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