Vikram Pandit, the CEO of Citigroup resigned

Oct 17, 2012, 14:54 IST

Corporate/Bussiness Current Affairs October 2012. Vikram Pandit, the CEO of Citigroup Inc. the words largest financial service network, resigned from his post on 16 October 2012 a day after the company reported its earnings in Q3 to be stronger than that expected

Vikram Pandit, the CEO of Citigroup Inc. the words largest financial service network, resigned from his post on 16 October 2012 a day after the company reported its earnings in Q3 to be stronger than that expected. Michael L Corbat head of bank’s European and Middle East Division would now be the new CEO for the firm.  

Vikram Pandit served Citigroup as a CEO from 2007 to 2012 and before this in the year 2006 he formed Old Lane Capital, a hedge-fund group that was acquired by Citigroup for $600 million. He also served Morgan Stanley as its chief operating officer in between the year 2000 to 2005.

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