Citi in Australia & 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.

1986

County NatWest established in Australia.

1997

Salomon Brothers merged with Smith Barney 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

1998

Citigroup formed by merger of Citicorp and Travelers Group in US

1999

Diners Club Australia fully acquired by Citibank

1999

Salomon Smith Barney acquired ANZ retail brokerage in Australia

2000 

Salomon Smith Barney acquired HSBC retail brokerage in Australia

2001

Official opening of Citigroup Centre at 2 Park Street Sydney by Australian Federal Treasurer the Honorable Peter Costello

2003

2003 Salomon Smith Barney, the institutional clients business, renamed Citigroup

2004

Citibank Insurance and Investment business sold to Metlife

2005

Citigroup Asset Management sold to Legg Mason

2007

Citigroup renamed Citi

2007

Private Client business renamed Citi Smith Barney

2009

Morgan Stanley Smith Barney created from a global merger of Citi Smith Barney and Morgan Stanley's wealth management business. Citi retains a 49% stake in the business.

2010

Citi celebrates 25 years of banking in Australia