Vikram Pandit
- January 10, 2024
- American Banker
Quick Facts
| Full Name | Vikram Pandit |
| Occupation | American Banker |
| Date Of Birth | Jan 14, 1957(1957-01-14) |
| Age | 67 |
| Birthplace | Nagpur |
| Country | India |
| Horoscope | Capricorn |
Vikram Pandit Biography
| Name | Vikram Pandit |
| Birthday | Jan 14 |
| Birth Year | 1957 |
| Place Of Birth | Nagpur |
| Birth Country | India |
| Birth Sign | Capricorn |
| Spouse | Swati Pandit |
| Children(s) | Rahul Pandit |
Vikram Pandit is one of the most popular and richest American banker who was born on January 14, 1957 in Nagpur, India. Vikram Shankar Pandit (born 14 January 1957) is an Indian American banker and investor who served as the head of the executive team at Citigroup from December 2007 until 16 October 2012. He is currently chief executive officer and chairman for The Orogen Group.
His contribution was crucial in the development of Morgan Stanley’s trading platform for electronic trading as well as its prime brokerage division. He in 2000, he was elevated to the position of chief operating officer for its global operations for the Institutional Securities and Investment Banking business.
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.
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.
Pandit is a board member of Columbia University, Columbia Business School as well as Columbia Business School, the Indian School of Business, and Trinity School. He is also an active participant in Kappa Beta Phi. He is head of the Institute of International Finance. His board included NASDAQ OMX, the New York City Investment Fund, between 2000 and 2003.
Vikram Pandit Net Worth
| Net Worth | $5 Million |
| Source Of Income | American banker |
| House | Living in own house. |
Vikram Pandit is one of the richest American Banker from India. According to our analysis, Wikipedia, Forbes & Business Insider, Vikram Pandit 's net worth $5 Million. (Last Update: December 11, 2023)
Pandit attended the Bishop Cotton School in Nagpur Then, he completed his education at the Dadar Parsee Youths Assembly High School in Dadar, Mumbai. When Pandit was just 16 year old, the family relocated into his home in the United States to attend Columbia University. In his undergraduate program, he in 1976, he earned his B.S. Degree in electrical engineering in just three years. Then he obtained his M.S. in electrical engineering in 1977. Pandit then turned his attention to finance and economics, and was awarded an MBA and a PhD in finance at Columbia Business School in 1986 after he published an essay that dealt with a complicated financial puzzle, called “Asset prices in a heterogeneous consumer economy.”
He was hired by Morgan Stanley as an associate in 1983. He was among his first Indians who joined the firm. In the year 1990, Vikram Pandit was chosen as the managing director and director for the US Equity Syndicate unit of Morgan Stanley and by 1994 his rise had been to the position of managing director (MD) and also the head of its global Institutional Securities Division.
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.
Height, Weight & Body Measurements
Vikram Pandit height Not available right now. Vikram weight Not Known & body measurements will update soon.
Who is Vikram Pandit Dating?
According to our records, Vikram Pandit married to Swati Pandit. As of December 1, 2023, Vikram Pandit’s is not dating anyone.
Relationships Record : We have no records of past relationships for Vikram Pandit. You may help us to build the dating records for Vikram Pandit!
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.
Facts & Trivia
Vikram Ranked on the list of most popular American banker. Also ranked in the elit list of famous people born in India. Vikram Pandit celebrates birthday on January 14 of every year.
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.