Pramit Jhaveri is an Indian banker and ex-CEO of

Citi Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and ...

. He served as Citi's India

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

from 2010 to 2019 and is the longest-serving India chief of the bank. Prior to his role as CEO, Pramit set up Citi's investment banking business in India. In 2019, he was elevated to the position of vice Chairman – banking, capital markets and advisory (BCMA), Asia Pacific, Citi with the responsibility of enhancing key client relationships in the region.

Early life

Pramit was born in Mumbai in the family of a jeweler businessman. Pramit completed his schooling from

Campion School, Mumbai Campion School is a Private school, private Catholic school, Catholic primary and secondary school for boys located at 13 Cooperage Road, Mumbai, in the state of Maharashtra, India. Established in 1943 by Jesuit Fr. Joseph Savall, the school is ...

and earned his

Bachelor of Commerce A Bachelor of Commerce (BCom or B Com) is an undergraduate degree in commerce, accounting, mathematics, economics, and management-related subjects. The degree is mainly offered in Commonwealth nations. Structure Bachelor of Commerce The Bac ...

from

Sydenham College Sydenham College of Commerce and Economics is a college located in Mumbai, Maharashtra, India. It is affiliated to the Dr. Homi Bhabha State University. The college offers undergraduate and postgraduate degrees in management. It was awarded a ...

in Mumbai. He holds an MBA specialising in finance and economics from Simon Business School of the

University of Rochester The University of Rochester is a private university, private research university in Rochester, New York, United States. It was founded in 1850 and moved into its current campus, next to the Genesee River in 1930. With approximately 30,000 full ...

, which is located in

Rochester, New York Rochester is a city in and the county seat, seat of government of Monroe County, New York, United States. It is the List of municipalities in New York, fourth-most populous city and 10th most-populated municipality in New York, with a populati ...

, United States.

Career

Pramit's joined Citi India in 1987 as a campus recruit from the Simon School of Business. He served Citi in various roles and became the CEO heading

India business in 2010. In 2016, Pramit was made the Cluster Head for South Asia with oversight of Bangladesh and Sri Lanka. Citi was also repeatedly recognized as the best foreign bank in the country during this time.

Associations

Pramit is also managing director and head of India Investment Banking at Citigroup Global Markets India Private Limited. Pramit is a director on the Global Board of U.S.-India Business Council, and Pratham Education Foundation. He is also on the board of trustees of

India Foundation for the Arts The India Foundation for the Arts (IFA) is an independent, non-profit organization that supports arts and cultural projects in India through funding and implementation. Established as a public trust in 1993, its headquarters is in Bangalore and ...

and on the Council of Advisors for

American India Foundation The American India Foundation (AIF, founded 2001) is a nonprofit American organization working in India. It is one of the largest secular, non-partisan American organizations supporting development work in India. It also runs the ServiceCorps Fel ...

Awards

In 2016, Pramit received the Distinguished Alumnus Award from his alma mater

Simon School of Business Simon Business School (formerly known as the William E. Simon Graduate School of Business Administration) is the business school of the University of Rochester. It is located on the university's River Campus in Rochester, New York. It was renam ...

, USA.

Family

Pramit is married to Mukeeta, and they have a son, Prithvir, and a daughter, Nynika. Mukeeta was an investment banker with

Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated, doing business as Merrill, and previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investm ...

and quit her job after marriage. Pramit, along with his family, lives in Mumbai. Pramit is an avid tennis player and art collector.

References

Living people Indian chief executives Businesspeople from Mumbai Indian bankers Year of birth missing (living people) {{India-business-bio-stub