Vikram Pandit is an Indian-American banker and business executive, best known for his tenure as the CEO of Citigroup from 2007 to 2012. He played a significant role in navigating the company through the financial crisis of 2008.
Born on January 14, 1957, in Nagpur, India, Vikram Pandit moved to the United States to pursue higher education. He earned a B.S. and M.S. in Electrical Engineering from Columbia University and later completed an MBA and Ph.D. in Finance from Columbia Business School.
Pandit is married to Swati Pandit, and they have two children. The family resides in New York City. Vikram is known for his philanthropic efforts, particularly in education and healthcare.
Vikram Pandit began his career at Morgan Stanley, where he eventually became the President and COO of the Institutional Securities and Investment Banking Group. He joined Citigroup in 2005 and became CEO in 2007, steering the company through the financial crisis before stepping down in 2012. He later co-founded The Orogen Group, an investment firm.
Vikram Pandit is credited with stabilizing Citigroup during the financial crisis of 2008 by securing significant government aid and implementing strategic restructuring. His leadership was pivotal in ensuring the company's survival during a turbulent period for the financial industry.
During Pandit's tenure at Citigroup, the company faced scrutiny over executive compensation, including his own pay package, which became a focal point for criticism amidst the broader financial crisis. Despite this, Pandit significantly cut his own salary to $1 per year during the crisis period.
After leaving Citigroup, Vikram Pandit co-founded The Orogen Group in 2016, an investment firm focused on the
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