Michael L. Corbat the new Chief Executive Officer ofCitigroup with approximately 200 million customer accounts and activities in more than 160 countries and jurisdictions has been at Citi and its predecessor companies since his graduation from Harvard Universitywith a bachelor's degree in economics in 1983.
In his latest role as Citi's CEO of Europe, Middle East and Africa since the start of the year, he oversaw all of Citi's business operations in the region, including consumer banking, corporate and investment banking, securities and trading and private banking services.
Previously, Corbat served as the CEO of Citi Holdings, Citi's portfolio of non-core businesses and assets. In this role, he oversaw the divestiture of more than 40 businesses, including the IPO and sale of Citi's remaining stake in Primerica. Corbat also restructured Citi's consumer finance and retail partner cards businesses and divested more than $500 billion assets, reducing risk on the company's balance sheet and freeing up capital to invest in Citi's core banking business.
Corbat has previously served as the CEO of Citi's Global Wealth Management unit. Prior to this, he was Head of the Global Corporate Bank and GlobalCommercial Bank at Citi, a role in which he led the firm's efforts to provide financial services to top-tier multi-national corporations and financial institutions around the world. In his various advisory and structuring roles, Corbat has guided retail and institutional clients across the spectrum of financial services, from the bankruptcy of Orange County, California, to sovereign debt restructurings in Latin America and business restructurings in North America and Europe.
In addition, Corbat was the Head of Global Emerging Markets Debt, responsible for the origination, trading and sales of emerging markets fixed income debt. He also held a number of positions at Salomon Brothers, one of Citi's predecessor companies, including Managing Director roles in Emerging Markets, High Yield and Derivatives.
In his latest role as Citi's CEO of Europe, Middle East and Africa since the start of the year, he oversaw all of Citi's business operations in the region, including consumer banking, corporate and investment banking, securities and trading and private banking services.
Previously, Corbat served as the CEO of Citi Holdings, Citi's portfolio of non-core businesses and assets. In this role, he oversaw the divestiture of more than 40 businesses, including the IPO and sale of Citi's remaining stake in Primerica. Corbat also restructured Citi's consumer finance and retail partner cards businesses and divested more than $500 billion assets, reducing risk on the company's balance sheet and freeing up capital to invest in Citi's core banking business.
Corbat has previously served as the CEO of Citi's Global Wealth Management unit. Prior to this, he was Head of the Global Corporate Bank and GlobalCommercial Bank at Citi, a role in which he led the firm's efforts to provide financial services to top-tier multi-national corporations and financial institutions around the world. In his various advisory and structuring roles, Corbat has guided retail and institutional clients across the spectrum of financial services, from the bankruptcy of Orange County, California, to sovereign debt restructurings in Latin America and business restructurings in North America and Europe.
In addition, Corbat was the Head of Global Emerging Markets Debt, responsible for the origination, trading and sales of emerging markets fixed income debt. He also held a number of positions at Salomon Brothers, one of Citi's predecessor companies, including Managing Director roles in Emerging Markets, High Yield and Derivatives.
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