DOCSLIB.ORG

Corporate Brochure

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Corporate Brochure A Mission of Enabling Growth & Economic Progress Our Company ● Corporate Profile ● Mission and Value Proposition ● Citi in Japan ● History Corporate Profile Mission and Value Proposition Citi, the leading global bank, has approximately 200 Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are million customer accounts and does business in more than safeguarding assets, lending money, making payments and accessing the capital 160 countries and jurisdictions. Citi provides consumers, markets on behalf of our clients. We have 200 years of experience helping our clients corporations, governments and institutions with a broad meet the world's toughest challenges and embrace its greatest opportunities. We are range of financial products and services, including Citi, the global bank̶an institution connecting millions of people across hundreds of countries and cities. consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and We protect people's savings and help them make the purchases̶from everyday wealth management. transactions to buying a home̶that improve the quality of their lives. We advise people on how to invest for future needs, such as their children’s education and their own retirement, and help them buy securities such as stocks and bonds. We work with companies to optimize their daily operations, whether they need working capital, to make payroll or export their goods overseas. By lending to companies large and small, we help them grow, creating jobs and real economic value at home and in communities around the world. We provide financing and support to governments at all levels, so they can build sustainable infrastructure, such as housing, transportation, schools and other vital public works. These capabilities create an obligation to act responsibly, do everything possible to create the best outcomes, and prudently manage risk. If we fall short, we will take decisive action and learn from our experience. We strive to earn and maintain the public’s trust by constantly adhering to the highest ethical standards. We ask our colleagues to ensure that their decisions pass three tests: they are in our clients' interests, create economic value, and are always systemically responsible. When we do these things well, we make a positive financial and social impact in the communities we serve and show what a global bank can do. Citi in Japan Citi’s client base in Japan includes governmental institutions, financial institutions, multinational corporations and institutional investors. Citi has a long and proud history of serving these clients across a broad range of products, including corporate and investment banking, markets and securities services, capital markets origination, treasury and trade solutions, and research. We aim to deliver highly innovative products and services through an unrivalled global network to support the growth of our clients. Comprehensive financial services for institutional clients Citi’s main focus in Japan is on its corporate and institutional businesses, including Corporate and Investment Banking, Markets and Securities Services (sales, trading, and research across rates, FX, equities and credit markets), Capital Markets Origination (ECM and DCM), and Treasury and Trade Solutions (cash management and trade finance). Our corporate banking and treasury and trade solutions businesses are among the largest of all foreign banks operating in Japan. Deep and trusted client relationships Citi serves top-tier Japanese multinationals, financial institutions, institutional investors and public sector entities, as well as foreign multinationals and global investors that operate or invest in Japan. The depth of our relationships with institutional Japanese clients, which in some cases date back more than 60 years, gives Citi “main foreign bank” status that differentiates it from foreign competitors. Global network supports multinational clients Citi’s key competitive strength is a global banking franchise that is unmatched by Citibank's first branch opened in Yokohama on October 8, 1902 other financial institutions. Our Japan Desk Network serves Japanese multinational clients in more than 12 countries. Citi is ideally positioned to help Japanese clients build their offshore operations and pursue acquisitions or diversify investment portfolios overseas. The connectivity we provide is an important asset for Japanese clients with global aspirations. Presence in Okinawa for more than 15 years Citi commenced operations in Naha in 1999 and has established deep ties with the Being the Best for Our Clients Okinawan community. Okinawa is the base for several of Citi’s financial business divisions, including Operations and Technology. Citi intends to further strengthen its presence in Okinawa and will continue to actively recruit local residents. History Founded in 1812, Citi has been providing financial services to clients for more than 200 years, first in New York and now across the world. Today Citi is a truly global financial services company with 200 million client accounts and operations in more than 160 countries and jurisdictions. Citi started operations in Japan in 1902, when it opened a branch in Yokohama, and is proud of its long history in and commitment to Japan. 1812 City Bank of New York established 1902 International Banking Corporation, later acquired by City Bank, establishes a presence in Japan with a branch in Yokohama 1972 Smith Barney opens a representative office in Tokyo 1974 First National City Corporation is renamed Citicorp 1976 First National City Bank becomes Citibank, N.A. 1980 Smith Barney opens a branch in Tokyo Salomon Brothers opens a representative office in Tokyo 1982 Salomon Brothers opens a branch in Tokyo 1997 Salomon merges with Smith Barney to form Salomon Smith Barney 1998 Name changed to Citigroup following a merger of Citicorp and Travelers Group, which includes Salomon Smith Barney 2012 Citi celebrates its 200th anniversary and its 110th anniversary in Japan 2016 Citi expands its global Japan Desk Network with the opening of new desks in Vietnam and Mexico Staff of the Yokohama Branch, 1919 A Long and Proud History Our Business in Japan ● Business Overview ● Banking, Capital Markets and Advisory Corporate Banking Investment Banking Capital Markets Origination ● Markets and Securities Services Fixed Income Products Equities Investor Services ● Treasury and Trade Solutions Cash Management Services Trade Services ● Research Business Overview Citi is known for its commitment to its corporate and institutional businesses in Japan, including Corporate Banking, Investment Banking, Markets and Securities Services, Capital Markets Origination, and Treasury and Trade Solutions. An Unmatched Global Footprint and Diverse Range of Financial Products Banking, Capital Markets and Advisory Citi’s Banking, Capital Markets and Advisory division Manager and Subsidiary Account Manager. We serve individual sectors. We provide timely insight and whether measured by innovation or proceeds raised, provides comprehensive relationship coverage and a major Japanese corporates as well as the Japanese appropriate advice on industry and market trends in and has distinguished Citi as the clear choice for full suite of products and services in an effort to be subsidiaries of global companies. With a broad collaboration with overseas Citi bankers, supporting debt underwriting, with excellence across a broad the best possible financial partner to its institutional service menu, Citi is able to deliver innovative, the planning and execution of client strategies. range of currencies and markets. clients. value-added solutions to clients. Strong Performance, Proven Results Depth and Breadth of Distribution Network Citi leverages the breadth of its unmatched global In partnership with Citi’s Investment Banking, Able to harness Citi's global network and In equity capital markets, Citi has consistently network to meet clients’ debt capital raising needs Capital Markets Origination, Treasury & Trade exceptional marketing abilities, Citi in Japan is innovated and delivered equity and equity-linked and to provide merger and acquisition and Solutions and Markets & Securities Services perfectly positioned to deliver superior advice when solutions tailored to our clients' needs. Our equity-related strategic financing solutions. From specialists - deliver corporate banking and finance executing deals. Citi has achieved outstanding structuring, valuation, and placement capabilities inaugural issuances and exchanges to cross-border services to global, regional and local clients. business results in many areas in Japan, including enable us to serve corporate, government, and transactions and first-of-their-kind landmark Citi has established Japan Desks in 12 countries to fixed income, equity underwriting, and M&A, and private equity clients in financing acquisitions and structures, our track record of successfully meet the needs of Japanese multinational clients. consistently ranks among the top foreign investment capital expenditures, managing liabilities, executing transactions in both buoyant and The coverage of Japan Desks extends to clients in banks in various league tables. monetizing assets, and hedging exposures. Our challenging market conditions is a testament to neighboring countries and jurisdictions, further platform is truly global in terms
Load more

Recommended publications
  • The Wild Ride of Mortgage-Backed Securities
    The Wild Ride of Mortgage-Backed Securities The roots of the current home ITWASN’TSUPPOSED to hap- pen this way. The market for home mort- mortgage market crisis. gage loans was never supposed to shut. No matter the crisis—war, banking fail- ure, or presidential impeachment—the mortgage market was not supposed to deny credit to American homeowners. So how could this happen? How could the mortgage industry, a close to trillion- dollar industry, suddenly collapse? Who is to blame for the ordinary Americans being denied a mortgage to buy into the American dream? How could $80 billion to $90 billion be wiped out virtually overnight? Blame it on Lew Ranieri, father of the mortgage market. I know. I STEPHENA.ROTH was there from the beginning. 3 4 ZELL/LURIEREALESTATECENTER In 1978, I applied to Stanford dollars in concession stand sales and say- University’s Graduate School of Business. ing good-bye to everyone from security to If there was anyone who should not have the back-stage hands. When the teacher’s been allowed to attend an MBA program, assistant for dummy math went around it was me. I was a graduate of public the room and made everyone give their schools, son of a car dealer without a col- name and prior occupation, there was lege education, and my first career had dead silence after I spoke. I heard some- been as a concert promoter. What a mis- one from the back, dressed in a polo shirt fit—and I was a misfit—for what Business with kakis and tassel-loafers, say: “You’re Week had called that year the “Best in the wrong room.” Business School in the U.S.” I managed to make it through two I had somehow managed to graduate years of preppie-dom because Stanford Phi Beta Kappa from Berkeley—although was on an “Honors,” “Pass,” or “Fail” sys- I think it was largely a recognition that I tem.
    [Show full text]
  • Annual Report
    COUNCIL ON FOREIGN RELATIONS ANNUAL REPORT July 1,1996-June 30,1997 Main Office Washington Office The Harold Pratt House 1779 Massachusetts Avenue, N.W. 58 East 68th Street, New York, NY 10021 Washington, DC 20036 Tel. (212) 434-9400; Fax (212) 861-1789 Tel. (202) 518-3400; Fax (202) 986-2984 Website www. foreignrela tions. org e-mail publicaffairs@email. cfr. org OFFICERS AND DIRECTORS, 1997-98 Officers Directors Charlayne Hunter-Gault Peter G. Peterson Term Expiring 1998 Frank Savage* Chairman of the Board Peggy Dulany Laura D'Andrea Tyson Maurice R. Greenberg Robert F Erburu Leslie H. Gelb Vice Chairman Karen Elliott House ex officio Leslie H. Gelb Joshua Lederberg President Vincent A. Mai Honorary Officers Michael P Peters Garrick Utley and Directors Emeriti Senior Vice President Term Expiring 1999 Douglas Dillon and Chief Operating Officer Carla A. Hills Caryl R Haskins Alton Frye Robert D. Hormats Grayson Kirk Senior Vice President William J. McDonough Charles McC. Mathias, Jr. Paula J. Dobriansky Theodore C. Sorensen James A. Perkins Vice President, Washington Program George Soros David Rockefeller Gary C. Hufbauer Paul A. Volcker Honorary Chairman Vice President, Director of Studies Robert A. Scalapino Term Expiring 2000 David Kellogg Cyrus R. Vance Jessica R Einhorn Vice President, Communications Glenn E. Watts and Corporate Affairs Louis V Gerstner, Jr. Abraham F. Lowenthal Hanna Holborn Gray Vice President and Maurice R. Greenberg Deputy National Director George J. Mitchell Janice L. Murray Warren B. Rudman Vice President and Treasurer Term Expiring 2001 Karen M. Sughrue Lee Cullum Vice President, Programs Mario L. Baeza and Media Projects Thomas R.
    [Show full text]
  • Salomon Brothers, Inc
    Investment Company Act of 1940/3c CR c44 14Y MAN GEORGE CLEARY R.3MINO M.XRR 1690- 19611 MARK PRAWLEY JR FOWLER HAMILTON GERGE 05 SIPIO lOll -1954 ANDRE NEWBURG CLEARY GOTTLIEB STEEN HAMILTON LEO GOTTLIEB JAMES BLAIR %LTER ROTHSCHILD MELVIN STEEN GEORGE BALL .RD PUGH ONE STATE STREET PLAZA OE WEISZ LYMAN TOMDEL.JR HA000RT JAMES JOHNSON JR STILES NEW YORK N.Y 10004 COUNSEL ...-IEYM.CONE.m 1752 STREET N.W ALAN APPELBAUM WASHINGTON D.C 00030 EDWIN MISHKIN 202 725-2700 GEORGE COHEN 212 344-0600 TELEX 440507 STEPHEN L.DINCES FAX OPS 513 lOll 409.0542 ..J.SPEED CARROLL FAX 003 /0/3 lOll 420-0046 PETER PAINE.JR CABLE CLEARGOLAW 41.AVENUE CE FRIEDLAND ANTHONY 000CH 75008 PARIS FRANCE ROGER W.THOMAS TELEX 1-563-1494 ALBERT PERGAM WUI 62985 TELEX 650021 GEORGE .1 ORUMBACHJR RCA 235438 FAX GPO 1-563-6637 PETER KARASZ FAX 0P3I 18633509 LOUIS KAHN FACSIMII.E RUE DE LA LQI 23 STE MARK WALKER TELEc0PIERGPS 1/2/3 212 480-0152 LESLIE SAMUELS 1040 BRUSSELS BELGIUM RAPIFAX 212 483-1361 2-030-2020 ALLAN SPERLNG FAX 2I2 344 0925 TELEX 22935 PETER GAPROW GP2 JAMES MUMSELL FAX GPO 12301635 SANDRA WEIKSNER FAX SF3 0-630-0006 EVAN DAVIS WINCHESTER HOUSE WEBB MON 12 77 LONDON WALL MARIETTA POERIO 17 LAND ALAN DUNNING Aor1 M_tco4zPrIoA.ENO CHRISTOPHER LUNDINO TELEX 67659 LAURENT ALPERT BARRY M.FOX pt _.i-C-ft JUDITH RIPPS VICTOR LEWKOW -4 -_.- f\ I0iCCNOUSC$TRCET LESLIE SILVERMAN RICHARD SUSKO SHALEN TELEX 00401 STEPHEN FAX 003 1-101100 RICHARD ZIEGLER JAMES PEASLEE ALAN SELLER -- ---- THOMAS .1 MOLONEY DAVID BABEL EDWARD KLEINBARD ReSIDENT PARTNERS __________
    [Show full text]
  • Warren Buffett's Wild Ride at Salomon (Fortune, 1997)
    Warren Buffett's Wild Ride at Salomon (Fortune, 1997) Warren Buffett, interim chairman of Solomon Brothers, Inc., gestures during testimony before a House Commerce subcommittee on Capitol Hill in Washington, D.C., Sept. 5, 1991. Photograph by Marcy Nighswander — AP Photos By CAROL J. LOOMIS October 27, 1997 As Sanford I. Weill, 64, the dealmaking CEO of Travelers Group, steps up to his biggest acquisition ever—the purchase of Salomon Inc. for $9 billion—a famous Wall Street figure, Warren E.Buffett, 67, steps out of Salomon. His days there began almost precisely a decade ago, in the early fall of 1987, when his company, Berkshire Hathaway, became Salomon‘s largest shareholder and he moved in as a director. But that was training-wheels stuff, nothing to the high- wire unicycle act that came later: Buffett was physically, emotionally, and really at Salomon for nine months in 1991 and 1992, when the firm’s trading illegalities created a giant sucking sound that brought him in to run the place. Though much has been written about Buffett and Salomon, a lot of what you will read here will be new. I have been a friend of Buffett‘s for about 30 years and have long been a shareholder of Berkshire (though never a shareholder of Salomon). As a friend, I do some editing every year on Buffett‘s well-known annual report, and we have for eons talked about collaborating on a book about his business life. All this has given me many opportunities to learn Buffett‘s thinking. Some of what I’ve gleaned has ended up in FORTUNE stories that I wrote, most especially in an April 11, 1988, article, “The Inside Story of Warren Buffett,” and in an accompanying box, “The Wisdom of Salomon?” But much of what I learned about Buffett‘s experiences at Salomon in 1991 was confidential, embargoed by him because Salomon was both struggling to regain its footing and dealing with big legal problems.
    [Show full text]
  • Commercial Banks and the Capital Markets
    Size Matters: Commercial Banks and the Capital Markets CHARLES K. WHITEHEAD* The conventional story is that the Gramm–Leach–Bliley Act broke down the Glass–Steagall Act’s wall separating commercial and investment banking in 1999, increasing risky business activities by commercial banks and precipitating the 2007 financial crisis. But the conventional story is only one-half complete. What it omits is the effect of change in commercial bank regulation on financial firms other than the commercial banks. After all, it was the failure of Lehman Brothers—an investment bank, not a commercial bank—that sparked the meltdown. This Article provides the rest of the story. The basic premise is straightforward: By 1999, the Glass–Steagall Act’s original purpose— to protect commercial banks from the capital markets—had reversed. Instead, its main function had become protecting the capital markets from new competition by commercial banks. Once the wall came down, commercial banks gained a sizeable share of the investment banking business. To offset lost revenues, investment banks pursued riskier businesses, growing their principal investments and increasing the amounts they borrowed to finance them. In effect, they assumed the features of commercial banks—a reliance on short-term borrowing to finance longer-term (and riskier) investments. For the investment banks, combining the two was lethal and eventually triggered the financial meltdown. The divide between two sets of regulators, those regulating commercial banks and those regulating investment banks, enabled the change. The need for greater regulatory coordination has grown with convergence in the financial markets. Although new regulation has addressed some of the concern, the gap between regulators continues today—raising the risk of repeating mistakes from the past.
    [Show full text]
  • The Big Short: Inside the Doomsday Machine
    The Big Short Inside the doomsday machine Also by Michael Lewis Home Game Liar's Poker The Money Culture Pacific Rift Losers The New New Thing Next Moneyball Coach The Blind Side EDITED BY MICHAEL LEWIS Panic The Big Short INSIDE THE DOOMSDAY MACHINE Michael Lewis W. W. NORTON & COMPANY NEW YORK LONDON Copyright (c) 2010 by Michael Lewis All rights reserved For information about permission to reproduce selections from this book, write to Permissions, W. W. Norton & Company, Inc., 500 Fifth Avenue, New York, NY 10110 ISBN: 978-0-393-07819-0 W. W. Norton & Company, Inc. 500 Fifth Avenue, New York, N.Y. 10110 www.wwnorton.com W. W. Norton & Company Ltd. Castle House, 75/76 Wells Street, London W1T 3QT For Michael Kinsley To whom I still owe an article The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him.--Leo Tolstoy, 1897 Contents Prologue Poltergeist Chapter 1 A Secret Origin Story Chapter 2 In the Land of the Blind Chapter 3 "How Can a Guy Who Can't Speak English Lie?" Chapter 4 How to Harvest a Migrant Worker Chapter 5 Accidental Capitalists Chapter 6 Spider-Man at The Venetian Chapter 7 The Great Treasure Hunt Chapter 8 The Long Quiet Chapter 9 A Death of Interest Chapter 10 Two Men in a Boat Epilogue Everything Is Correlated Acknowledgments PROLOGUE Poltergeist The willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars to dispense investment advice to grown-ups remains a mystery to me to this day.
    [Show full text]
  • Mos Episode Transcript: Sallie Krawcheck REID HOFFMAN
    MoS Episode Transcript: Sallie Krawcheck REID HOFFMAN: When you think of the first computer, maybe you imagine a huge mainframe ​ in a college lab in the 1950s; serious-looking people in white coats feeding in punch cards as the machinery whirs. But the story of computing started much earlier. And it probably looked a bit different than you imagine. STEVEN JOHNSON: In the 1830s Charles Babbage, the British inventor, invented ​ basically a programmable computer that was a hundred years ahead of its time. HOFFMAN: That’s Steven Johnson, host of the podcast “American Innovations”, and author of ​ many books about technology and progress that you should read. Steven’s latest book is called Farsighted: How We Make the Decisions That Matter the Most. As he wrote it, he kept thinking ​ about Babbage and this first computer. JOHNSON: These machines had almost all the key elements of modern computing. ​ They were programmable, they had the sense of a CPU, they had the sense of RAM, the sense of a hard drive-like storage. HOFFMAN: There was just one small problem: this was the 1830s. Scientists hadn’t yet ​ mastered electricity. Babbage’s designs were too complex to be built. But this didn’t stop them from sparking people’s imaginations. And one person they sparked was a mathematician named Ada Lovelace. JOHNSON: Lovelace was a young woman who was a math prodigy at a time when this ​ is very unusual. And she is now widely considered to be the first software programmer. HOFFMAN: Lovelace wrote the first example of what we’d now call “computer code”.
    [Show full text]
  • Joseph Erlanger Director Financial Control Group Joe Erlanger Is A
    Joseph Erlanger Director Financial Control Group Joe Erlanger is a Director in the Financial Control Group. He is the senior financial manager responsible for the Futures and Cleared Options Product Control and Regulatory Reporting Group. He has held this responsibility since 2009. Mr. Erlanger joined a predecessor company of Citigroup in 1998. Since joining he has held numerous positions in the Finance Group, generally in the areas of Product Control and Regulatory Reporting. Prior to joining Citigroup he held a similar position at J.P. Morgan for 10 years, including a 4 year assignment in Frankfurt, Germany as the Head of Product Control. He began his career as a financial auditor with Price Waterhouse. He graduated from St. Francis College in 1982 with a B.S. in Accounting. James A. Forese Co-President of Citigroup and Chief Executive Officer Institutional Clients Group Mr. Forese is a member of the Citigroup Operating Committee. He is based in New York. The Institutional Clients Group encompasses the Markets and Securities Services business, Treasury and Trade Solutions business, and Corporate and Investment Banking activities as well as the Citi Private Bank. Mr. Forese first joined the Salomon Brothers division in 1985 and began his career in securities trading. He was named a Managing Director in 1992 and has held various management positions throughout the Markets division, including head of that division, before being named to run the Securities and Banking unit in 2011. Mr. Forese graduated summa cum laude from Princeton University in 1985 with a Bachelor of Science in Electrical Engineering and Computer Science.
    [Show full text]
  • [Disclosure Booklet]
    <Translation> [Disclosure Booklet] Explanatory Documents on the Status of Business and Property for the fiscal year ended Dec 31, 2018 This disclosure booklet is prepared by the Company for publication on the Internet under Article 46-4 of the Financial Instruments and Exchange Law. Contents I Outline and Organization 1. Corporate Name ………………………………………………………………………………………………………… 1 2. Registration Date （ Registration Number ） …………………………………………………………………………… 1 3. History and Organization ………………………………………………………………………………………………… 1 4. Shareholders in the Top 10, Number of Shares Held and Percentage of Voting Rights ………………………… 3 5. Names of Board of Directors and Statutory Auditor ………………………………………………………………… 3 6. Names of Employees Specified by Cabinet Order …………………………………………………………………… 3 7. Business Operation ……………………………………………………………………………………………………… 4 8. Addresses of Head Office and Other Branches ……………………………………………………………………… 5 9. Other Business Operation ……………………………………………………………………………………………… 5 10. Engaged Businesses included in the Matters Set Forth in Article 7(3)(a), (3)-2, (3)-3(a) and from (4) to (9) of the Cabinet Office Ordinance on Concerning Financial Instruments Business …………………………………… 6 11. Complaint Processing and Dispute Resolution ……………………………………………………………………. 6 12. Financial Instruments Firms Associations and Certified Investor Protection Organization Memberships………… 7 13. Financial Instruments Exchange Memberships………………………………………………………………………… 7 14. Investor Protection Fund Membership …………………………………………………………………………… 7 II Business Overview 1. Business
    [Show full text]
  • Along with a Lender, Is Citigroup Buying Trouble? - the New York Times
    Along With a Lender, Is Citigroup Buying Trouble? - The New York Times This copy is for your personal, noncommercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers, please click here or use the "Reprints" tool that appears next to any article. Visit www.nytreprints.com for samples and additional information. Order a reprint of this article now. » October 22, 2000 Along With a Lender, Is Citigroup Buying Trouble? By RICHARD A. OPPEL Jr. and PATRICK McGEEHAN WALL STREET rejoiced last month when Sanford I. Weill, the legendary deal-making chairman of Citigroup, announced that it was buying Associates First Capital, one of the nation's largest consumer finance concerns, for $31 billion. Investors bet that the deal would repeat the success of Mr. Weill's other mergers, notably Salomon Brothers and Citicorp, while bolstering Citigroup's presence in Asia, where Mr. Weill is staking a big part of his company's future. ''It's the perfect Sandy Weill transaction,'' said Joan Solotar, an analyst at Credit Suisse First Boston who follows Citigroup. ''It's a business he knows, there are real cost-cutting opportunities, there's a consumer franchise in Asia and it's accretive. What more could you ask for?'' People in North Carolina might say ''plenty.'' Last year, legislators there became the first to pass tough anti- predatory lending laws, taking aim at finance companies that lawmakers and consumer activists say routinely take advantage of unsophisticated homeowners. And, according to people who supported the bill, the most talked-about lender during legislative hearings was Associates.
    [Show full text]
  • Name Change to Western Asset High Income Fund II Inc
    Salomon Brothers High Income Fund II Inc. Announces Name Change to Western Asset High Income Fund II Inc. NEW YORK, September 21, 2006 (BusinessWire) Salomon Brothers High Income Fund II Inc., which is traded on the New York Stock Exchange under the symbol “HIX,” announced today a name change to Western Asset High Income Fund II Inc. effective with the opening of trading on Monday, October 9, 2006. The Fund will continue to trade under its existing New York Stock Exchange symbol “HIX.” The CUSIP number for Western Asset High Income Fund II Inc. will be as follows: • Common Stock: 95766J102 The renaming of Salomon Brothers High Income Fund II Inc. follows Legg Mason's acquisition of substantially all of Citigroup's asset management business in December 2005. Following that transaction, Legg Mason announced plans to integrate and streamline mutual funds included in the Citigroup transaction. Salomon Brothers High Income Fund II Inc., a diversified closed-end investment management company, is advised by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc. and is sub-advised by Western Asset Management Company, an affiliate of the adviser. Western Asset is one of the world's premier fixed income managers. With offices in Pasadena, New York, London, Tokyo, Singapore, Hong Kong, Melbourne and Sao Paulo, Western Asset offers institutional and retail clients a full range of fixed income products. By devoting all of its resources to fixed income, Western Asset is able to provide a full commitment to its clients in every area of the firm. This focused approach has generated superior returns in products with a variety of risk disciplines.
    [Show full text]
  • Salomon Brothers Capital and Income Fund Inc
    Salomon Brothers Capital and Income Fund Inc. Announces New Share Repurchase Program NEW YORK, June 27, 2006 Business Wire -- The Board of Directors of Salomon Brothers Capital and Income Fund Inc. (the "Fund"), which is listed on the New York Stock Exchange under the symbol "SCD," today announced that it has re-authorized the Fund to repurchase from time to time in the open market up to 1,000,000 shares of the Fund's common stock. The Board of Directors directed the management of the Fund to repurchase shares of the Fund's common stock at such times and in such amounts as management believes will enhance shareholder value, subject to review by the Fund's Board of Directors. This is the third repurchase program authorized by the Board of Directors of the Fund. Pursuant to the Fund’s previous two repurchase program of up to 1,000,000 shares each, the Fund has currently repurchased approximately 1,944,100 shares; there are still approximately 55,900 additional shares authorized and remaining to be repurchased under the second program which was announced in February of 2006. Upon completion of this authorization, the third repurchase program will become effective. Salomon Brothers Capital and Income Fund Inc., a non-diversified closed-end investment company, is managed by Salomon Brothers Asset Management Inc, a wholly owned subsidiary of Legg Mason, Inc. For more information about the Fund, call 1-888-777-0102 or consult the Fund’s web site at www.leggmason.com/InvestorServices. This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995.
    [Show full text]