Michael
Corbat was born on
May 2, 1960 in Bristol, Connecticut, USA. He earned a B.A. in economics from
Harvard University. Michael was also interested in sports and played offensive
guard for the school’s football team. He was two time all Ivy League and was
selected as first string College Football All-American Team in NCCA Division
I-AA in 1982. Michael was good enough to be drafted
professionally but passed up the chance to work in Wall Street.
He
began working at Solomon Brothers and didn’t leave when it was acquired by
Citi. At the end of the day company
ownership did not affect his rise to the top post. Among the roles he assumed
was as Head of Citi’s Global Corporate Bank and Global Commercial Bank and CEO
of Citi’s Global Wealth Management.
Michael
was also CEO of Citi Holdings and was responsible for and led the divestiture
of a portfolio of non-core business and assets following the financial crisis
of 2008 and Citi’s participation in the Troubled Asset Relief Program. He was
named CEO of Europe, Middle East and Africa (EMEA) in 2011. Michael became CEO
of Citi in October 2012.
Citi
is one of the largest banks in the world with around 200
million customer accounts and activities in over 160 countries and jurisdictions.
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