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Consulting|Technology|International business

Meet Vikram Pandit – the new CEO of CITIGROUP (NYSE: C)

with 3 comments

http://en.wikipedia.org/wiki/Vikram_Pandit 

He has done many wonders on Wall Street.

– Sold his multi strategy hedge fund and private equity fund (Old Lane LP) to CITI in 2007 for a whopping 800 million dollars. Yes, you heard me right, that’s 800. million. dollars.

– Did a PhD from University of Columbia way back in 1986 – guess what his topic for his PhD dissertation was related to? – “Asset pricing model”.

Not just Wall Street, almost the whole of CITI and possibly even corporate America requires him to solve the current real estate/housing bubble caused due to the sub prime crises that led to the infamous exit of Pandit’s predecessor – Charles Prince.

His previous jobs:

Morgan Stanley

Old Lane Hedge fund

What is his background at CITI – the largest bank in the USA? Used to head their investment banking arm + trading and alternate investments. He’s been in CITI for all of 6 months when it bought over his hedge fund!

He’s got a daunting task ahead of him and it will not be easy to fill in Prince’s shoes.

Here’s wishing good luck to our Indian poster boy who could well be the next Indira Nooyi (Chairman and CEO: Pepsico, NYSE: PEP)

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Written by Naveen Athresh

December 12, 2007 at 10:17 pm

3 Responses

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  1. The next Indira Nooyi? What do you mean when you say that? It would be just like saying Indira Nooyi could be the next Vikram Pandit. They both have made India proud. And equally.

    Neyawn

    February 10, 2008 at 9:54 pm

  2. Hi there! I just meant to say that they have indeed done India proud. Nooyi was among the first of the Indian genre with the country of origin to tread successfully in the upper echelons of corporate America. I would love to see Pandit indeed revive the fortune of CITI as also change the slump but I feel it might just be too late in the party for him to make radical changes.

    The housing bubble should have been corrected a few years ago – its too late to act now. We can only hope they do a good job in managing the mess caused due to the credit slump across the US and UK.

    Succeeding in corporate America is the most open since they do not discriminate based on country of origin. Way to go, USA!

    Naveen

    Naveen Athresh

    February 10, 2008 at 11:06 pm

  3. This website is Great! I will recommend you to all my friends. I found so much useful things here. Thank you.C

    Melissa

    August 30, 2008 at 7:46 pm


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