VIRGIN MONEY AUSTRALIA AND CITIBANK ANNOUNCE STRATEGIC ALLIANCE
Sydney, 16 June 2009
Virgin Money Australia and Citibank Australia today announced a Heads of Agreement to deliver a full range of Virgin-branded financial services to the Australian market.
The alliance is being formed to deliver a broad range of retail banking products - the first will be introduced in early 2010 and include credit cards, savings and other retail banking products.
Matt Baxby, Managing Director of Virgin Money Australia, stated: “We are excited about the prospect of working with Citibank to launch a range of banking products that offer great value and the excellent customer service that people expect from Virgin. We believe we can offer Australian consumers a genuine banking alternative.”
Roy Gori, Chief Executive Officer, Citibank Australia, the consumer banking arm of Citi, said the alliance with Virgin Money would combine Virgin Money’s brand and marketing expertise and Citibank’s banking services. “This promises to be a powerful combination that will benefit Australians,” Mr Gori said.
|Maggie Grady – Head of Corporate Affairs, Citi
Tel: 02 8225 1635
|Kristen Kaus – Assistant PR, Citibank
Tel: 02 8225 1632