Michael Corbat Biography
Michael Corbat s an American banker and the current chief executive (CEO) of Citigroup. He has held this position since October 2012.
He is a businessperson who has been at the head of 7 different companies. He is the Member of The Financial Services Forum and Member-International Business Council at Forum Mondial de L’Economie and on the board of 7 other companies.
Previously, Mr. Corbat occupied the position of Chief Executive Officer at Citibank International Ltd., Chief Executive Officer for Citi Smith Barney Investment Management, Chief Executive Officer at Citigroup Global Markets Ltd., and Vice Chairman at The Partnership for New York City.
Michael Corbat Age
Michael was born on May 2, 1960, in Bristol, Connecticut. He is 61 years old.
Michael Corbat Family
Michael was born in Bristol, Connecticut. Information about his parents and siblings is not yet known to the public. He graduated from Harvard University with a B.A. in economics where he also 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-America Team in NCAA Division I-AA in 1982. He was the first Harvard player to be selected since Dan Jiggetts in 1975.
Michael Corbat Wife
Michael is married to Donna and the couple has two children; Brian and Allison. Michael is an enthusiastic fly fisherman, golfer, and downhill skier. He serves on the Citigroup Board of Directors, the EMI Board of Directors, the BritishAmerican Business Board of Directors, and the U.S. Ski and Snowboard Team Foundation Board of Trustees.
Michael Corbat Citibank
In his entire career, Michael has worked at Citi or its predecessor companies. He started with Salomon Brothers. Michael has served as Head of Citi’s Global Corporate Bank and Global Commercial Bank and CEO of Citi’s Global Wealth Management (consisting of Smith Barney and the Citi Private Bank).
Being the CEO of Citi Holdings, he 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, where he oversaw all Citi operations in the region. Corbat was appointed CEO of Citi in October 2012 after Vikram Pandit’s resignation.
Michael Corbat Net Worth
Michael receives a salary of $23 million. As the CEO at CITIGROUP INC Michael made $17,797,952 in total compensation in 2017. From this total $1,500,000 was received as a salary, $6,450,000 was received as a bonus, $0 was received in stock options, $9,831,752 was awarded as stock and $16,200 came from other types of compensation. This information is according to proxy statements filed for the 2017 fiscal year.