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He most recently served as senior advisor, senior vice chairman and senior international officer of Citigroup and chairman, president & CEO of Citibank, N.A. He held various senior executive positions at Citi from 1957 until his retirement from Citigroup on April 30, 2010. Subsequent to his retirement, he continued to serve as a senior advisor ...
Victor Joseph Menezes (May 14, 1947 – February 3, 2025) was an Indian-American banker. [1] He began his career in 1972 by joining the American financial services company Citicorp (now Citigroup) in corporate banking and went on to serve as the Senior Vice Chairman of Citigroup, working for the company for 32 years until his retirement.
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. [ 30 ] [ 31 ] [ 32 ] 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.
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Citibank began operations in 1902 in Calcutta ().[1] [2]In the late 1980s and 1990s, the division was one of the first banks to offer credit cards in India. [3]In 1992, Citibank India was alleged to have played the leading role in allowing or facilitating the market manipulation that drove up prices of shares on the Bombay Stock Exchange during the 1992 Indian stock market scam.
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City.The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and Travelers; Travelers was spun off from the company in 2002.
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He served as Citi’s India CEO from 2010 to 2019 and is the longest-serving India chief of the bank. [1] Prior to his role as CEO, Pramit set up Citi’s investment banking business in India. In 2019, he was elevated to the position of Vice Chairman - Banking, Capital Markets and Advisory (BCMA), Asia Pacific, Citi with the responsibility of ...