[International Market Watch/Business Magazine( A Cm_a Venture)] 12/15/2006 12:44:00 AM

[International Market Watch/Business Magazine]

News Watch
By:Cm_a
Editor:Lanette Tyler

1. Citi Chief Charles 'Chuck' Prince will invest $10 million in India in order to hold a major stake in a non-banking financial company in a joint venture. He may rename it Citibank Worldwide Retail Services. He may also venture into retail brokering, selling financial instruments such as mutual funds and insurance products. The new venture will start 42 branches in the next year and will increase to 100 branches in the next three years. Prince began his career in 1975 as an attorney at the US Steel Corporation.

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Posted by International Market Watch/Business Magazine to International Market Watch/Business Magazine( A Cm_a Venture) at 12/15/2006 12:44:00 AM