Vikram Shankar Pandit was born on 14 January 1957 and is an Indian-American banker and investor who was the chief executive officer of Citigroup from December 2007 to 16 October 2012 and is the current chairman and chief executive officer of The Orogen Group.
19 Facts About Vikram Pandit
2.
Vikram Pandit was born in Dhantoli locality of Nagpur, Maharashtra, India, to an affluent Marathi family.
3.
Vikram Pandit's father, Shankar B Pandit, was an executive director at Sarabhai Chemicals in Baroda.
4.
Vikram Pandit studied at Bishop Cotton School in Nagpur, and then completed his schooling at the Dadar Parsee Youths Assembly High School in Dadar, Mumbai.
5.
Vikram Pandit joined Morgan Stanley as an associate in 1983, one of the first Indians to join the company.
6.
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 and head of its worldwide Institutional securities division.
7.
Vikram Pandit was instrumental in building Morgan Stanley's electronic trading platform and prime brokerage division and in 2000, ultimately rose to the post of president and chief operating officer of its worldwide operations of the Institutional securities and Investment banking businesses.
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In 2005, after more than two decades with Morgan Stanley, Vikram Pandit decided to leave the firm along with John Havens after being passed over by Philip J Purcell.
9.
On 11 December 2007, Vikram Pandit was named the new CEO of Citigroup, replacing interim-CEO Sir Winfried Bischoff.
10.
Vikram Pandit was strongly supported by then interim chairman of Citigroup Robert Rubin, the effective successor to Chuck Prince.
11.
On 16 October 2012, Vikram Pandit unexpectedly resigned as Citigroup CEO.
12.
The New York Times later identified Chairman Michael E O'Neill as the driving force behind a months-long secret effort to oust Pandit, which culminated in a surprise ultimatum to Pandit stating that he must resign immediately, resign at the end of the year, or be fired.
13.
Vikram Pandit's resignation followed multiple payouts to investors during ongoing fraud allegations.
14.
Vikram Pandit received $165 million for his hedge fund which was purchased by Citi in 2007.
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Vikram Pandit is a member of the boards of Columbia University, Columbia Business School, the Indian School of Business, and Trinity School.
16.
Vikram Pandit serves as director of the Institute of International Finance.
17.
Vikram Pandit was on the board of NASDAQ OMX, the New York City Investment Fund, from 2000 to 2003.
18.
In 2008, Vikram Pandit was awarded the Padma Bhushan by the Government of India.
19.
Vikram Pandit, a naturalized citizen of the United States, lives in an apartment on the Upper West Side of Manhattan.