Vikram Pandit is the current CEO of Citigroup, a major financial services corporation. He is the first Indian to be named the head of a major American financial institution.
On February 11, 2009, Pandit told the House Committee on Financial Services in a testimony that he received $1 million compensation for 2008. However, his total compensation for 2008 was $10.82 million.The Huffington Post: Pandit To Congress: "My Salary For 2008 Was $1 Million... (March 16, 2009)
Life and Career
Vikram Pandit was born in Nagpur, Maharashtra, India, and attended high school in Mumbai. He moved to America when he was sixteen and subsequently attended Columbia University for his undergraduate degree as well as his Masters, his MBA and his PhD.
He began his professional career as a professor and soon moved into Morgan Stanley, where he stayed for two decades. His next venture was a hedge fund called Old Lane Partners, which was acquired by Citigroup. On December 11, 2007 he was made CEO of Citigroup.
Vikram Pandit Professional Profile
- TimesOnline: Vikram Pandit profile
- BusinessWeek: How Purcell Lost His Way (2005)
- New York Magazine: The New Color of Money (2002)
- Columbia University: Vikram Pandit Background Information
- Current Projects:
- CEO, Citigroup
- Board member, Columbia University, Columbia Business School
- Past Projects:
- Co-Founder, Old Lane hedge fund
- President and Chief Operating Officer of the Institutional Securities and Investment Banking Group, Morgan Stanley
- Board Member, NASDAQ
References
Fast Facts
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Born
January 14, 1957
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Fact:
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Fact:
Named Citigroup CEO on December 11, 2007, replacing Winfried Bischoff
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Joined Citigroup following its acquisition of Old Lane Partners, a hedge fund he founded in 2005
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Spouse
Swati Pandit
