Citi Australia's institutional business provides a comprehensive range of investment and banking services to approximately 1,500 corporates, banks, governments and institutional investors in Australia, as well as clients offshore. Services include capital markets and corporate advisory, markets and securities services, commercial banking and treasury and trade solutions. The completed sale of Citi's Australian consumer business is the first divestiture among the 14 consumer markets in Asia, Europe, Middle East and Mexico that Citi intended to exit as part of its strategy review. As previously announced, Citi will release approximately $800 million of allocated tangible common equity as a result of this closing. Including Australia, Citi now has signed deals for the sale of nine of these markets and is in the process of exiting one additional consumer market (Korea).