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| Tel Aviv, October 7, 2011 – The Tel Aviv Stock Exchange (TASE) Board of Directors approved Citigroup Financial Products Israel as a new member. This is in addition to Citibank, which has been TASE member since 2006 and serves as one of the largest custodian institutions operating in Israel.
Citigroup’s membership will enable the group to trade in securities for its international clientele and, in the future, its local clients as well. It becomes TASE's seventh international member, joining HSBC, UBS, Deutsche Bank, Citibank, Merrill Lynch International and most recently Barclays, which just joined in August 2011.
The decision by Citigroup to register another one of its companies as a member of TASE reflects the importance the group assesses to Israel in general and to the local stock exchange in particular.
Ralph Shaaya, the CEO of Citibank: “This is an additional step in the expansion of our activities in Israel and in the range of services we offer our clients in Israel and throughout the world. Our relationship with TASE, which began a number of years ago, is helping to create exposure for the Israeli capital market and bring international investors to Israel”.
Ester Levanon, the CEO of TASE: "The TASE's welcomed Citigroup Financial Products Israel as a member of the Tel Aviv Stock Exchange. This is a vote of confidence in Israel's economy and in TASE. It provides additional exposure for Israel's capital market among international investors as well as easy access for investing in the Tel Aviv Stock Exchange”.
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