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Mr. Vikram Pandit, new CEO in Citigroup

Citigroup as the second biggest banking in United State of America (USA) have a new person for Chief Executive Officer (CEO), his name is Mr. Vikram Pandit. This replacement refer to resign of Mr. Charles Prince in last month when Citigroup explain to their investor about the loss of investment about 8 – 11 billion US dollars (www.antara.co.id). 

Theirs losses cause of subprime mortgage in USA which destroying the others financial institution. Mr. Vikram Pandit will be efective as a CEO in Citigroup in the next within days. The others candidat beside Pandit is Josef Ackermann as a CEO in Deutsche Bank.

Before join as CEO, Pandit is a controller clients group of Citigroup institutional and also he has working experience to manage hedging fund of Oldlane. Pandit also have working experience in competitor of Citigroup, Morgan Stanley. 

Citigroup has determining to hire Mr. Vikram Pandit which so many experience in banking intitution, and hopely can continue theirs business to increase the Citigroup performance and become to a winner in the global market. 

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