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The Future of Banking in a Global Economy

LSE lecture

Date: Thursday 5 March 2009
Time: 1-2pm
Venue: Sheikh Zayed Theatre, New Academic Building
Speaker: Vikram Pandit
Chair: Howard Davies

Today's financial and economic wreckage will provide the foundations for a system on which a stronger future will be built. This will only happen with a real cooperation and collaboration that is hard to envisage amidst the growing clamour for protectionism, speculation over the possible nationalisation of the banking system, and questions over the right of those at the centre of the industry to be part of the solution. In his lecture, Vikram Pandit will outline his views on the role of banking in society and the future of the industry, its supervision, its structure and its reputation and explains his work to reinvent the world's most global financial services company and his vision for the New Reality.

Vikram Pandit is the Chief Executive Officer of Citi. Before being named CEO on December 11, 2007, Mr. Pandit was Chairman and CEO of Citi's Institutional Clients Group, which includes Markets & Banking and Citi Alternative Investments. Formerly the Chairman and CEO of Citi Alternative Investments, Mr. Pandit was a founding member and chairman of the members committee of Old Lane, LP which was acquired by Citi in 2007. Previously, Mr. Pandit was President and Chief Operating Officer of Morgan Stanley's institutional securities and investment banking business and was a member of the firm's Management Committee.

Mr. Pandit serves on the boards of Columbia University, Columbia Business School, the Indian School of Business, and Trinity School. He is a former board member of NASDAQ, the New York City Investment Fund, and the American India Foundation. Mr. Pandit earned a PhD in Finance from Columbia University in 1986. He also received an MS degree in 1977 and a BS degree in electrical engineering in 1976 from Columbia.

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A transcript of Vikram Pandit's speech is now available to download. Download: The Future of Banking in a Global Economy (pdf)

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