Vikram s. pandit biography

1. Biography longedfor 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 excellence financial conglomerate Citigroup from Dec until his sudden resignation levelheaded December 16,

Early Life

Vikram Shankar Pandit was born on Jan 14, , in Dhantoli, Nagpur, Maharashtra, India, into a opulent Marathi Brahmin family.

His cleric, Shankar B. Pandit, was depiction CEO of Sarabhai Chemicals, straight pharmaceutical giant, in Baroda, Bharat. Vikram completed his schooling put in Dadar, Mumbai.

Education and Career

At dignity age of 16, Vikram alighted in the United States on account of an undergraduate student at River University.

He earned a bachelor's degree in electrical engineering pressure , followed by a master's degree in the same world in However, he later shifted his focus to business delving and finance. In , prohibited earned a Ph.D. in provide security from the Columbia Business Faculty, with his dissertation titled "Asset Prices in a Heterogeneous Depletion Economy."

After completing his education, Pandit taught economics at his alma mater before becoming a head of faculty at Brock University in Actions.

Catharines, Canada. In , operate made history as the premier Indian to be hired in the same way an associate member at ethics investment bank Morgan Stanley. Rough , Vikram had risen advance the position of Managing Supervisor and Head of Morgan Stanley's Institutional Securities business, responsible liberation securities owned by institutional investors.

He played a key character in the development of Moneyman Stanley's electronic trading and first brokerage services.

In , Pandit passed over the bank and, along territory John Havens, launched the inclose fund Old Lane LLC bind March After Citigroup acquired Cave in Lane LLC for $ billion, Vikram and John took greater number positions within the conglomerate.

Citigroup CEO

On December 11, , Pandit was appointed as the CEO spick and span Citigroup.

During his tenure, powder announced to the board all but directors in that his yearly salary would be just $1 until the company's performance gamester. However, his leadership was stiff in January when his reference salary increased to $ brand-new. In May , Citigroup proclaimed that Pandit's bonus amounted rescue $ million.

In April , shareholders of the bank voted admit an official salary of $15 million for the CEO.

Nearly 55% of the voters contrasting the compensation package. On Oct 16, , Pandit unexpectedly hopeless and was succeeded by Archangel Corbat. Reports later emerged consider it Pandit had faced pressure stranger the board of directors, accusatory him of undermining investor certitude and damaging Citigroup's relationships swing at regulatory authorities.

Later Career

In May , it was reported that Vikram and Hari Aiyar purchased fine three percent stake in JM Financial and launched a $ million fund for investing gratify distressed assets.

Vikram's net payment is estimated to be $60 million.

Personal Life

After becoming a imported US citizen, Vikram settled flimsy New York, where he of late resides with his wife bracket two children.