Citigroup Global Markets (CGM) is a banking institution based in New York, NY. Established in 2003, CGM was previously known as Salomon Smith Barney. The bank provides equity and debt financing, asset transaction, private equity, underwriting, institutional sales and trading, investment banking, financial advisory, mergers, and acquisitions services. It is a broker-dealer registered with the SEC. It operates as a subsidiary of Citigroup Financial Products and hence an indirect wholly-owned subsidiary of Citigroup. The assets of the firm are managed by the executive management team.