<div><p>Former US Treasury chief Robert Rubin will step down from his special advisory role to banking giant Citigroup, the struggling bank said Friday.</p><p>Rubin resigned his post as a "senior counselor" immediately "and has decided not to stand for re-election as a director at Citi's annual board meeting," the company said in a statement.</p><p>Rubin, who has been an adviser on the transition team of president-elect Barack Obama, will continue to serve as a Citi director until his current term expires.</p><p>"Since joining Citi nearly 10 years ago, Bob has made invaluable contributions to the company," said chief executive Vikram Pandit.</p><p>"From the beginning, Bob has been instrumental in working with clients around the globe and forging strong relationships for our businesses. He has also been a trusted advisor to senior management as well as to me personally, and I am pleased to say Bob has agreed to continue to be available as a sounding board and resource for me and for the company."</p><p>Last month, Rubin and other top Citi policymakers agreed to forego bonuses in light of the troubles facing the ailing banking giant.</p><p>Citigroup, which was among the world's biggest financial companies before the eruption of the credit crisis, in October reported a quarterly loss of 2.8 billion dollars, its fourth straight quarter in the red.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=40061190&bid=informcom" /></div><div id="copyright"><div>

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