Vikram Pandit

Vikram Pandit

Vikram Pandit is an Indian-born American banker.

Introduction:

  • Vikram Pandit was born in Dhantoli locality of Nagpur, Maharashtra, India to an affluent Brahmin marathi family.
  • His father, Shankar B. Pandit, was an executive director at Sarabhai Chemicals in Baroda.
  • Vikram Pandit is an Indian-born American banker.
  • He is the former chief executive of Citigroup
  • HeĀ  held this position from December 2007.
  • He resigned from this position 16th October, 2012.

Education:

  • Vikram PanditĀ completed his schooling at the Dadar Parsee Youths Assembly High School in Dadar, Mumbai.
  • When he was 16 years old, moved to the United States to attend Columbia University.
  • He holds a B.S. degree in 1976 and M.S. degree in 1980 in Electrical Engineering from Columbia University.
  • He also holds a MBA and a Ph.D in 1986 in Finance from Columbia Business School.

Industry Profile:

  • During his early professional years, he taught economics at Columbia.
  • Then as a professor at Brock University in St. Catharines, Canada.
  • He joined Morgan Stanley as an associate in 1983, one of the first Indians to join the company.
  • In 1990, Vikram Pandit was chosen as the managing director and head of the US Equity Syndicate unit of Morgan Stanley and by 1994, he had risen to become managing director (MD) and head of its worldwide Institutional securities division.
  • In 2000, he ultimately rose to the post of president and chief operating officer (COO) of its worldwide operations of the Institutional securities and Investment banking businesses.
  • In March 2006, Pandit and John Havens, along with Guru Ramakrishnan started the hedge fund Old Lane LLC.
  • Citi bought the company in 2007 for $800 million bringing both Pandit and Havens into Citi leadership.
  • Citi named Pandit chairman and CEO of Citi Alternative Investments (CAI) unit and he later led Citi’s Institutional Clients Group.
  • On 11 December 2007, Pandit was named the new CEO of Citigroup, replacing interim-CEO Sir Winfried Bischoff.
  • He resigned from this position 16th October, 2012.

Awards, Achievements & Recognition:

  • Pandit is a part of the board of Columbia University, Columbia Business School, the Indian School of Business, and Trinity School.
  • He also serves as director of the Institute of International Finance.
  • He was on the board of NASDAQ OMX, the New York City Investment Fund, from 2000 to 2003.
  • In 2008, Pandit was awarded the Padma Bhushan by the Government of India.

Social Life:

  • Vikram Pandit, a naturalized citizen of the United States, lives in New York City.
  • He live with his wife and two children.

Leave a Reply

Your email address will not be published.