Age, Biography and Wiki

Vikram Pandit (Vikram Shankar Pandit) was born on 14 January, 1957 in Nagpur, India, is a Chairman and CEO, The Orogen Group,Board of director, Virtusa,Board of director, Bombardier Inc.,Board of director, EXL Service. Discover Vikram Pandit's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 67 years old?

Popular As Vikram Shankar Pandit
Occupation Chairman and CEO, The Orogen Group,Board of director, Virtusa,Board of director, Bombardier Inc.,Board of director, EXL Service
Age 67 years old
Zodiac Sign Capricorn
Born 14 January, 1957
Birthday 14 January
Birthplace Nagpur, Bombay State, India (present-day Maharashtra)
Nationality United States

We recommend you to check the complete list of Famous People born on 14 January. He is a member of famous with the age 67 years old group.

Vikram Pandit Height, Weight & Measurements

At 67 years old, Vikram Pandit height not available right now. We will update Vikram Pandit's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Vikram Pandit's Wife?

His wife is Swati Pandit

Family
Parents Not Available
Wife Swati Pandit
Sibling Not Available
Children Rahul and Maya

Vikram Pandit Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Vikram Pandit worth at the age of 67 years old? Vikram Pandit’s income source is mostly from being a successful . He is from United States. We have estimated Vikram Pandit's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income

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Timeline

2013

It was reported in May 2013 that Pandit and Hari Aiyar, another Indian executive, were acquiring a 3 percent equity stake in JM Financial and launching a $100 million fund to invest in distressed assets. It was reported in May 2016 that Pandit and Atairos Group created a new operating company, The Orogen Group, to invest in financial services companies with backing from Comcast Corporation

2012

His co-chairing of Davos 2012 was criticized, with Mike Mayo, an analyst with Crédit Agricole in New York remarking: "What kind of signal does that send, that the bank that was the worst-performing in our country over the last decade and whose stock price is still down significantly since he took over, is the ambassador for our financial industry?" At Davos 2012, Pandit said that Citigroup was going "back to the basics of banking" in response to public anger about the financial crisis, and argued that, "The single biggest issue facing us is the question of jobs," giving an estimate of 400 million jobs in the next 10 years.

On 16 October 2012, Pandit unexpectedly resigned as Citigroup CEO. Michael Corbat, previously Citigroup's CEO of Europe, Middle East, and Africa, was named as his replacement. While Pandit and the company maintain that he resigned, Bloomberg News cited anonymous board sources indicating that Pandit was forced out by the board after eroding investor confidence and damaging company relations with regulators over an extended period. 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. His resignation followed multiple payouts to investors during ongoing fraud allegations.

2011

In January 2011, after working for two years for a salary of $1 a year, his annual base was raised to $1.75 million for the progress Citi made under Vikram’s leadership. After posting five consecutive quarterly profits, Citigroup in May 2011, announced $23.2m retention award to Pandit making him one of the highest paid CEOs. In April 2012, shareholders voted against increasing his pay to $15 million. About 55% of the votes cast were against the compensation package.

2009

On 11 February 2009, Pandit testified to Congress that he had declared to his board of directors, "My salary should be $1 per year with no bonus until we return to profitability." He also struck an apologetic tone for letting the bank consider completing the purchase of a private jet plane after receiving some $45 billion in Troubled Asset Relief Program (TARP) funds. His total 2009 compensation was $128,751, with a base salary of $125,001 and other compensation of $3,750.

2008

Pandit has been honoured with the Padma Bhushan third highest Indian civilian award for his contributions to the trade and industry in 2008 by the Government of India.

In 2008, Pandit was awarded the Padma Bhushan by the Government of India.

2007

On 11 December 2007, Pandit was named the new CEO of Citigroup, replacing interim-CEO Sir Winfried Bischoff. Pandit was strongly supported by then interim chairman of Citigroup Robert Rubin, the effective successor to Chuck Prince. Prince had resigned as chairman and CEO of Citigroup in November 2007, due to unexpectedly poor third-quarter performance, mainly due to CDO- and MBS-related losses.

While CEO of Citigroup in 2007, Vikram S. Pandit earned an annualized compensation of $3,164,320, which included a base salary of $250,000, stocks granted of $2,914,320, and options granted of $0. In 2008, he earned a total compensation of $38,237,437, which included a base salary of $958,333, stocks granted of $28,830,000, and options granted of $8,432,911. However, after adjusting for Citigroup’s sunken share price, the package was worth just a few million dollars. Pandit received $165 million for his hedge fund which was purchased by Citi in 2007. The fund has since been closed. In 2012, Citigroup shareholders voted in favor of a non-binding resolution to reject a $15 million pay package for Pandit. In November 2012, Pandit was paid about $6.7 million.

2006

In March 2006, Pandit and John Havens, along with Guru Ramakrishnan (former global head of trading, technology and new products in the equities group at Morgan Stanley), started the hedge fund Old Lane LLC. Citi bought the company in 2007 for $800 million, bringing both Pandit and Havens into Citi leadership. Citi named Pandit chairman and CEO of Citi Alternative Investments (CAI) unit and he later led Citi's Institutional Clients Group.

2005

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.

2000

He 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.

Pandit is a member of the boards of Columbia University, Columbia Business School, the Indian School of Business, and Trinity School. He is also a member of Kappa Beta Phi. He serves as director of the Institute of International Finance. He was on the board of NASDAQ OMX, the New York City Investment Fund, from 2000 to 2003.

1983

He joined Morgan Stanley as an associate in 1983, one of the first Indians to join the company. 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 (MD) and head of its worldwide Institutional securities division.

1976

Pandit studied at Bishop Cotton School in Nagpur, and then completed his schooling at the Dadar Parsee Youths Assembly High School in Dadar, Mumbai. When Pandit was 16 years old, he moved to the United States to attend Columbia University. For his undergraduate program and, in 1976, earned his B.S. degree in electrical engineering in only three years. He then completed his M.S. in electrical engineering in 1977. Pandit subsequently turned to economics and finance and earned an MBA and PhD in finance from Columbia Business School in 1986, after publishing a thesis involving a complex financial puzzle, titled "Asset prices in a heterogeneous consumer economy."

1957

Vikram Shankar Pandit (born 14 January 1957) 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.