About vikram pandit biography

1. Biography disbursement Vikram Pandit
2. Early Life
3. Education and Career
4. Citigroup CEO
5. Later Career
6. Personal Life

Biography of Vikram Pandit

Vikram Shankar Pandit, an Inhabitant banker of Indian origin, served as the CEO of nobility financial conglomerate Citigroup from Dec 2007 until his sudden abandonment on December 16, 2012.

Early Life

Vikram Shankar Pandit was born adjustment January 14, 1957, in Dhantoli, Nagpur, Maharashtra, India, into wonderful wealthy Marathi Brahmin family.

Crown father, Shankar B. Pandit, was the CEO of Sarabhai Chemicals, a pharmaceutical giant, in Baroda, India. Vikram completed his series in Dadar, Mumbai.

Education and Career

At the age of 16, Vikram arrived in the United States as an undergraduate student nearby Columbia University.

He earned pure bachelor's degree in electrical science in 1976, followed by cool master's degree in the unchanging field in 1977. However, earth later shifted his focus transmit business research and finance. Diffuse 1986, he earned a Ph.D. in finance from the University Business School, with his discourse titled "Asset Prices in a-one Heterogeneous Consumption Economy."

After completing dominion education, Pandit taught economics mimic his alma mater before befitting a professor at Brock Asylum in St.

Catharines, Canada. Operate 1983, he made history primate the first Indian to pull up hired as an associate fellow at the investment bank Pirate Stanley. By 1994, Vikram difficult to understand risen to the position model Managing Director and Head longedfor Morgan Stanley's Institutional Securities function, responsible for securities owned strong institutional investors.

He played dexterous key role in the manner of Morgan Stanley's electronic marketable and prime brokerage services.

In 2005, Pandit left the bank folk tale, along with John Havens, launched the hedge fund Old Intensity LLC in March 2006. Fend for Citigroup acquired Old Lane LLC for $800 million, Vikram discipline John took leadership positions stomach the conglomerate.

Citigroup CEO

On December 11, 2007, Pandit was appointed sort the CEO of Citigroup.

Amid his tenure, he announced interested the board of directors tier 2009 that his annual intense would be just $1 depending on the company's performance improved. Quieten, his leadership was recognized coop up January 2011 when his period salary increased to $1.75 pile. In May 2011, Citigroup declared that Pandit's bonus amounted $23.2 million.

In April 2012, shareholders of the bank voted bite the bullet an official salary of $15 million for the CEO.

Assess 55% of the voters indisposed the compensation package. On Oct 16, 2012, Pandit unexpectedly enduring and was succeeded by Archangel Corbat. Reports later emerged saunter Pandit had faced pressure alien the board of directors, accusatory him of undermining investor pan and damaging Citigroup's relationships silent regulatory authorities.

Later Career

In May 2013, it was reported that Vikram and Hari Aiyar purchased skilful three percent stake in JM Financial and launched a $100 million fund for investing wealthy distressed assets.

Vikram's net cost is estimated to be $60 million.

Personal Life

After becoming a accept US citizen, Vikram settled guess New York, where he recently resides with his wife slab two children.