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'''Michael L. Corbat''' (born c. 1960) is an American banker. He is the current chief executive of [[Citigroup]], a position he has held since October 2012. He took over from [[Vikram Pandit]] who resigned on October 16, 2012.<ref name=wsj20121017>{{cite news|title=Pandit Ousted As CEO Of Citi|url=http://professional.wsj.com/article/SB10000872396390443854204578060280201488530.html?mod=ITP_pageone_0&mg=reno64-wsj|accessdate=October 17, 2012|newspaper=[[The Wall Street Journal]]|date=October 17, 2012|author=Enrich, David|author2=Kapner, Suzanne|author3=Fitzpatrick, Dan|page=A1}}</ref>
'''Michael L. Corbat''' (born May 2, 1960) is an American banker. He is the current chief executive of [[Citigroup]], a position he has held since October 2012. He took over from [[Vikram Pandit]] who resigned on October 16, 2012.<ref name=wsj20121017>{{cite news|title=Pandit Ousted As CEO Of Citi|url=http://professional.wsj.com/article/SB10000872396390443854204578060280201488530.html?mod=ITP_pageone_0&mg=reno64-wsj|accessdate=October 17, 2012|newspaper=[[The Wall Street Journal]]|date=October 17, 2012|author=Enrich, David|author2=Kapner, Suzanne|author3=Fitzpatrick, Dan|page=A1}}</ref>


Corbat was born in [[Bristol, Connecticut]] and received bachelors from Harvard in 1983. He was an all conference lineman for the [[Harvard Crimson football]] team.<ref>http://dealbook.nytimes.com/2012/10/16/meet-citis-new-c-e-o/</ref>
Corbat was born in [[Bristol, Connecticut]] and received bachelors from Harvard in 1983. He was an all conference lineman for the [[Harvard Crimson football]] team.<ref>http://dealbook.nytimes.com/2012/10/16/meet-citis-new-c-e-o/</ref>

Revision as of 04:47, 18 October 2012

Michael Corbat
Born
Michael L. Corbat

1960
NationalityAmerican
Alma materHarvard University
OccupationBanker
Years active1983 -
TitleCEO of Citigroup
Board member ofEMI
U.S. Ski and Snowboard Team Foundation
BritishAmerican Business

Michael L. Corbat (born May 2, 1960) is an American banker. He is the current chief executive of Citigroup, a position he has held since October 2012. He took over from Vikram Pandit who resigned on October 16, 2012.[1]

Corbat was born in Bristol, Connecticut and received bachelors from Harvard in 1983. He was an all conference lineman for the Harvard Crimson football team.[2]

He worked at Citi or its predecessor companies his entire life after graduation starting with Salomon Brothers. At various times he served as Managing Director and Head of the Citi's Global Corporate Bank and Global Commercial Bank; CEO of Citi's Global Wealth Management unit (consisting of Smith Barney and the Citi Private Bank); CEO of Citi Holdings (which was a collection of non-core businesses which Citi sold most of following the Financial crisis of 2007–2008 and Troubled Asset Relief Program loans the bank received from the federal government); and was CEO of Europe, Middle East and Africa (EMEA) where he oversaw all Citi operations in that region immediately before his appointment to become CEO of the bank.[3]

References

  1. ^ Enrich, David; Kapner, Suzanne; Fitzpatrick, Dan (October 17, 2012). "Pandit Ousted As CEO Of Citi". The Wall Street Journal. p. A1. Retrieved October 17, 2012.
  2. ^ http://dealbook.nytimes.com/2012/10/16/meet-citis-new-c-e-o/
  3. ^ http://www.businessinsider.com/michael-corbat-new-ceo-of-citi-2012-10#ixzz29cZuxp73
Business positions
Preceded by Citigroup CEO
2012–present
Succeeded by
Incumbent