18 Facts About Victor Menezes

Victor Joseph Menezes was an Indian-American banker.

Victor Menezes began his career in 1972 by joining the American financial services company Citicorp in corporate banking and went on to serve as the Senior Vice Chairman of Citigroup, working for the company for 32 years until his retirement.

Victor Joseph Menezes was born in Poona, British India on 14 May 1947, the son of Manuel Menezes, who was the chairman of the Indian Railway Board.

Victor Menezes received his degree in electrical engineering from the Indian Institute of Technology, Bombay in 1970.

Victor Menezes received an MBA from the MIT Sloan School of Management in 1972.

Victor Menezes rose to the post of chief financial officer in 1995.

Victor Menezes retired from Citigroup as senior vice chairman after a 32-year global career there.

Victor Menezes was senior adviser of New Silk Route, an international private equity firm.

Victor Menezes chaired the executive committee of the Eisenhower Fellowships.

Victor Menezes was a board member of Educational Testing Service and the MIT Corporation and was on the advisory boards of IIT, Indian School of Business, MIT Sloan and INSEAD.

Victor Menezes has a convention centre named after him at the Indian Institute of Technology Bombay known as the Victor Menezes Convention Centre which was inaugurated by Mr Kapil Sibal on 8 January 2011.

Victor Menezes was the chairman of the Clearing House Association; served as a trustee of the Asia Society, the Eisenhower Fellowships and the American India Foundation.

Victor Menezes was named chairman of the board of governors of the National Center for Asia Pacific Economic Cooperation.

Victor Menezes was a member of Citigroup's Management Committee and Business Heads Committee.

The Securities and Exchange Commission alleged in its complaint that on 28 March 2002, as part of a cashless exercise transaction, Victor Menezes exercised 825,960 Citigroup stock options and sold 597,000 of the resulting shares at a price of $49.99 per share to cover the taxes and costs of the option exercise.

The complaint alleged that, at the time of this transaction, Victor Menezes was in possession of material, nonpublic information regarding Citigroup's plan to report first-quarter 2002 losses totalling hundreds of millions of dollars related to the company's Argentine operations, which Victor Menezes supervised.

The final judgement required Victor Menezes to pay $1,567,557 of disgorgement, pre-judgment interest of $328,822.77 and a $783,778 civil penalty, for a total payment of $2,680,157.77.

Victor Menezes died in Miami, Florida on 3 February 2025, at the age of 77.