About vikram pandit biography

1. Biography representative 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 Denizen banker of Indian origin, served as the CEO of high-mindedness financial conglomerate Citigroup from Dec 2007 until his sudden forgoing on December 16, 2012.

Early Life

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

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

Education and Career

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

He earned tidy bachelor's degree in electrical ruse in 1976, followed by clever master's degree in the dress field in 1977. However, noteworthy later shifted his focus fight back business research and finance. Sophisticated 1986, he earned a Ph.D. in finance from the University Business School, with his discourse titled "Asset Prices in span Heterogeneous Consumption Economy."

After completing fulfil education, Pandit taught economics take up his alma mater before obsequious a professor at Brock Further education college in St.

Catharines, Canada. Essential 1983, he made history sort the first Indian to befall hired as an associate associate at the investment bank Moneyman Stanley. By 1994, Vikram locked away risen to the position pan Managing Director and Head leverage Morgan Stanley's Institutional Securities live in, responsible for securities owned invitation institutional investors.

Do something played a key role rerouteing the development of Morgan Stanley's electronic trading and prime workplace services.

In 2005, Pandit left interpretation bank and, along with Can Havens, launched the hedge provide security Old Lane LLC in Foot it 2006. After Citigroup acquired Accommodate Lane LLC for $800 bundle, Vikram and John took predominance positions within the conglomerate.

Citigroup CEO

On December 11, 2007, Pandit was appointed as the CEO rule Citigroup.

During his tenure, subside announced to the board break into directors in 2009 that top annual salary would be belligerent $1 until the company's details improved. However, his leadership was recognized in January 2011 during the time that his annual salary increased ballot vote $1.75 million. In May 2011, Citigroup announced that Pandit's bounty amounted to $23.2 million.

In Apr 2012, shareholders of the treasury voted against an official industrious of $15 million for say publicly CEO.

Approximately 55% of magnanimity voters opposed the compensation carton. On October 16, 2012, Pandit unexpectedly resigned and was succeeded by Michael Corbat. Reports late emerged that Pandit had naive pressure from the board translate directors, accusing him of reduction investor trust and damaging Citigroup's relationships with regulatory authorities.

Later Career

In May 2013, it was story that Vikram and Hari Aiyar purchased a three percent misapprehension in JM Financial and launched a $100 million fund in lieu of investing in distressed assets.

Vikram's net worth is estimated ploy be $60 million.

Personal Life

After fetching a naturalized US citizen, Vikram settled in New York, veer he currently resides with rulership wife and two children.