Vikram Pandit Biography | Wiki
Vikram Pandit ( Full Name: Vikram Shankar Pandit) is a popular Indian-American banker and investor who is the Chairman and Chief Executive Officer of The Orogen Group. Before, Vikram worked as the chief executive officer of Citigroup from December 2007 until 16 October 2012. He has been honoured with the Padma Bhushan, the third-highest Indian civilian award, due to his contributions to trade and industry in 2008 by the Government of India.
Over his early professional years, Vikram taught economics at Columbia, then had a job as a professor at Brock University in St. Catharines, Canada. Vikram joined Morgan Stanley as an associate in 1983, one of the first Indians to join the company. In 1990, he was chosen as the managing director and head of the US Equity Syndicate unit of Morgan Stanley and by 1994, he had been promoted to become managing director (MD) and head of its worldwide Institutional securities division.
Vikram was instrumental in building Morgan Stanley’s electronic trading platform and prime brokerage division and in 2000, ultimately was promoted to the post of president and chief operating officer of its worldwide operations of the Institutional Securities and Investment banking businesses. In 2005, following over two decades with Morgan Stanley, he decided to leave the firm together with John Havens after being passed over by Philip J. Purcell.
Vikram Pandit Age
Vikram was born on January 14, 1957, in Nagpur, Bombay State, India (present-day Maharashtra). He is 66 years old. Vikram celebrates his birthday on January 14, every year.
Vikram Pandit Height
He is a man of above-average stature. Vikram stands at a height of 5 ft 11 in ( Approx. 1. 78m ).
Vikram Pandit Family
He was born in the Dhantoli locality of Nagpur, Maharashtra, India, to an affluent Marathi family. Vikram’s father, Shankar B. Pandit, worked as an executive director at Sarabhai Chemicals in Baroda. He is a naturalized citizen of the United States.
Vikram Pandit Wife
Vikram is married to his wife Swati Pandit. The couple has two children, Rahul and Maya. The family lives in an apartment on the Upper West Side of Manhattan.
Vikram Pandit Education
He studied at Bishop Cotton School in Nagpur and later finished his schooling at the Dadar Parsee Youths Assembly High School in Dadar, Mumbai. When Vikram was 16 years old, he went to the United States to attend Columbia University for his undergraduate program and, in 1976, received his B.S. degree in electrical engineering in only three years. Vikram later finished his M.S. in electrical engineering in 1977. He later turned to economics and finance and received an MBA and PhD in finance from Columbia Business School in 1986, following publishing a thesis involving a complex financial puzzle, called “Asset prices in a heterogeneous consumer economy.”
Vikram Pandit Citi | Citigroup | Hedge Fund
In March 2006, Vikram and John Havens, together with Guru Ramakrishnan (former global head of trading, technology, and new products in the equities group at Morgan Stanley), began the hedge fund Old Lane LLC. Citi purchased the company in 2007 for $800 million, bringing both Pandit and Havens into Citi leadership. Citi named Vikram chairman and CEO of Citi Alternative Investments (CAI) unit and he afterward led Citi’s Institutional Clients Group.
On 11 December 2007, Vikram was named the new CEO of Citigroup, replacing interim CEO Sir Winfried Bischoff. Vikram was strongly supported by then interim chairman of Citigroup Robert Rubin, the effective successor to Chuck Prince. Prince had left as chairman and CEO of Citigroup in November 2008, because of unexpectedly poor third-quarter performance, mainly due to CDO- and MBS-related losses.
In January 2011, following working for two years for a salary of $1 a year, Vikram’s annual base was raised to $1.75 million for the progress Citi made under his leadership. Following posting five consecutive quarterly profits, Citigroup in May 2011, reported $23.2m retention award to Vikram making him one of the highest-paid CEOs. In April 2012, shareholders voted against increasing Vikram’s pay to $15 million. Around 55% of the votes cast were against the compensation package. On 16 October 2012, Vikram unexpectedly resigned as Citigroup CEO. Michael Corbat, formerly Citigroup’s CEO of Europe, the Middle East, and Africa, was named as Vikram’s replacement.
Rahul Pandit Vikram Pandit
Vikram and his wife Swati have a son named Rahul who studied at Harvard. Rahul spends the summer at Morgan Stanley, in the capital markets division where his dad served from 1983 to 2005, rising to become the investment bank’s president.
Rahul Pandit Resignation
On 16 October 2012, he unexpectedly resigned as Citigroup CEO. Michael Corbat, formerly Citigroup’s CEO of Europe, the Middle East, and Africa, was named as Vikram’s replacement.
Swati Pandit Wife Of Vikram Pandit
He is married to Swati. Vikram’s wife, Swati, was frequently invited to Morgan Stanley events in which wives were expected to show up, but she never did. Swati’s absence didn’t help with the perception among some at Morgan that Vikram had a bias against women.
Vikram Pandit The Orogen Group
He is the Chairman and Chief Executive Officer of The Orogen Group, an operating company he founded with Atairos that makes significant long-term strategic investments in financial services companies and related businesses with proven business models. Vikram has over 35 years of professional experience and since July 1, 2016, has worked as chairman and chief executive officer (“CEO”) of The Orogen Group LLC (“The Orogen Group”). Before, Vikram was CEO and a member of the board of directors of Citigroup Inc. from December 2007 until October 2012.
Vikram Pandit Salary
H earns a satisfying amount from his work as a banker and investor who is the Chairman and Chief Executive Officer of The Orogen Group. Vikram’s average salary is $1.75 million per year.
Vikram Pandit Net Worth
Vikram gets his wealth from his work as a banker and investor who is the Chairman and Chief Executive Officer of The Orogen Group. Therefore, Vikram has accumulated a decent fortune over the years. Vikram’s net worth is $200 million.
How Old is Vikram Pandit
Vikram is a 66-year-old who was born on January 14, 1957, in Nagpur, Bombay State, India (present-day Maharashtra). Vikram celebrates his birthday on January 14, every year.
How Tall Is Vikram Pandit
Vikram is a man of above-average stature who stands at a height of 5 ft 11 in ( Approx. 1. 78m ).
Who Is Vikram Pandit
He works as the Chairman and Chief Executive Officer of The Orogen Group. Before, Vikram worked as Chairman and CEO of Citi Alternative Investments and later led Citi’s Institutional Clients Group. Vikram became CEO of Citigroup in December 2007 and led the company during the most challenging economic and financial crisis since the Great Depression, successfully recapitalizing, restructuring as well as revitalizing the company prior to leaving in October 2012.