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 corporation headquartered in New York City. The company was formed by the merger of banking giant #Citicorp, Citicorp and financial ...

. He served as Citi’s India

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

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 , motto_translation = Joy in Truth , established = , type = Private primary and secondary school , religion = Catholicism , denomination = Jesuits , patron ...

and earned his

Bachelor of Commerce A Bachelor of Commerce (abbreviated BComm or BCom; also, ''baccalaureates commercii'') is an undergraduate degree in business, usually awarded in Canada, Australia, India, Sri Lanka, Pakistan, Ireland, New Zealand, Ghana, South Africa, Myanmar, ...

from

Sydenham College Sydenham College of 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 re-accreditat ...

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

University of Rochester The University of Rochester (U of R, UR, or U of Rochester) is a private research university in Rochester, New York. The university grants undergraduate and graduate degrees, including doctoral and professional degrees. The University of Roc ...

, which is located in New York, 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 Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mos ...

and

Sri Lanka Sri Lanka (, ; si, ශ්‍රී ලංකා, Śrī Laṅkā, translit-std=ISO (); ta, இலங்கை, Ilaṅkai, translit-std=ISO ()), formerly known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an ...

. 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 India Foundation for the Arts (IFA) is a national, non-profit, the grantmaking organisation that supports the practice, research and education in the arts in India. Established as a public trust in 1993, IFA is headquartered in Bangalore. Its fo ...

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. AIF is committed to improving the ...

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 (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment bank ...

and quit her job after marriage. Pramit, along with his family, lives in

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

. 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