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Michael CorbatAmerican banker
Date of Birth: 02.05.1960
Country:  USA |
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Biography of Michael Corbat
Michael Corbat, an American banker, was born on May 2, 1960, in Bristol, Connecticut. He graduated from Harvard University with a bachelor's degree in Economics and played American football as an offensive guard for the university team. During his time at Harvard, Corbat was a member of several student fraternities, including "The AD."
Career in Citigroup
Michael Corbat has been the CEO of Citigroup, the world's largest financial conglomerate, since October 2012. In Russia, the corporation is represented by ZAO KB "Citibank," of which Citigroup owns 100% of the shares. Throughout his career, Corbat has worked in Citigroup or its predecessor companies, starting with Salomon Brothers, which was acquired by the financial corporation Travelers Group in 1998. The merger of Travelers Group with the banking giant Citicorp marked the beginning of Citigroup.
Corbat has held various leadership positions within Citigroup, including Head of Global Corporate Bank, Head of Global Commercial Bank, and CEO of Global Wealth Management, which includes Smith Barney and Citi Private Bank. As the CEO of Citi Holdings, Corbat was responsible for the liquidation of assets and non-core businesses following the 2008 financial crisis, as part of Citigroup's participation in the government's Troubled Asset Relief Program.
In 2011, Corbat was appointed as the CEO of Citigroup's operations in Europe, the Middle East, and Africa, overseeing all the conglomerate's operations in the region. Finally, in October 2012, Michael Corbat became the CEO of Citigroup, becoming the second-highest-ranking executive in the company.
Personal Life and Interests
Michael Corbat is married to Donna Corbat, and they have two children, a son, and a daughter. Corbat is an avid fisherman, with a particular passion for fly fishing. He also enjoys playing golf and engaging in downhill skiing. Additionally, he serves on the board of directors for Citigroup, EMI, and BritishAmerican Business. He is also a member of the board of trustees for the U.S. Ski and Snowboard Team Foundation, a non-profit organization that raises funds for the development of skiing and snowboarding in the United States.
