BWI: Citi CEO Vikram Pandit named 2010 Global Business Leader of the Year

Press release from Business Wire India
Source: Citi
Thursday, September 02, 2010 06:28 PM IST (12:58 PM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Banking & financial services
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Citi CEO Vikram Pandit named 2010 Global Business Leader of the Year


Mumbai, Maharashtra, India, Thursday, September 02, 2010 -- (Business Wire India) -- Vikram Pandit, Chief Executive Officer of Citigroup, was named Global Business Leader of the Year by a leading Indian business news channel. The award, was announced at a ceremony presided over by Honourable Finance Minister Mr. Pranab Mukherjee in Mumbai. Pramit Jhaveri, CEO, Citi India, accepted the Award on Mr. Pandit's behalf.

In his message of acceptance, Mr. Pandit said, "I am happy to accept this award on behalf of my 259,000 colleagues around the world, without whom Citi's transformation would not have been possible. This honour goes to them."

"Citi is a fundamentally different company than it was just two years ago. Having been through one of the most challenging economic environments in our lifetimes, today we are following three core principles. First, we are focused on being a global bank. Second, we are focused on serving our clients' interests. And third, we are leading with our competitive strength: our unique global footprint that allows us to help local companies go global, and global companies succeed locally. Over the last two centuries, this formula helped make Citi the world's leading financial institution, and as we approach our 200th anniversary as an institution, I believe this formula will make our company's future even brighter.

Speaking on his vision for Citi's business in India, Mr. Pandit said, "India has a special place in my heart because of my heritage and I am very proud of the fact that Citi has been in India for more than 100 years. We started in Kolkata in 1902 and in many ways India is home. We have a strong franchise in India and are looking forward to being part of India's growth. To do that, we will continue to serve our clients. From helping India's top global corporations, to supporting the growth ambitions of its small and mid-sized enterprises, to helping individuals and households build their financial futures, we will play a major role in India's economic future. And, we will continue to emphasize microfinance and support India's priorities, particularly in the area of financial inclusion and financial education. India will continue to grow for a long time to come and we will grow with India."

In July, Mr. Pandit was the recipient of the inaugural Banker of the Year Award in the annual Euromoney Awards for Excellence.



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KEYWORDS
CONSUMER, PEOPLE, MARKETING, BANKING

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