Victor J. Menezes
Retired Senior Vice Chairman
Victor J. Menezes retired in January 2005 as Senior Vice Chairman of Citigroup after a 32
year global career in the company.
As Senior Vice Chairman, Mr. Menezes’ responsibilities included Citigroup’s internal
mergers and acquisitions activities, managing relationships with important customers and
government regulators and Citigroup’s senior management development programs.
Mr. Menezes previously served as Chairman and CEO of Citibank and was head of
Citigroup’s Emerging Markets business. He had responsibility for the corporate and
consumer business and global product responsibility for e-Business and Global Securities
Services. Citigroup’s business in the emerging markets is the preeminent financial services
business with operations in 80 countries, and during his tenure it had $13.5 billion in
revenues, $200 billion in assets and 90,000 employees.
Mr. Menezes joined Citibank in 1972 and began his career in Asia. He was appointed
Citibank’s CEO in India in 1978. In 1983 he was Citibank’s senior officer in Hong Kong
and the People’s Republic of China. In 1986 he returned to New York to join Citicorp’s
Policy Committee and become Senior Corporate Officer for Latin America and Africa. In
1989 he moved to Brussels to head the consumer business in Europe and two years later his
responsibilities were expanded to include the consumer bank in the United States. In 1995
he was named Chief Financial Officer of Citicorp and Citibank, with responsibilities for
finance, audit, capital and balance sheet management, mergers and acquisitions and
shareholder and regulatory relationships. In October 1998 Citigroup Inc. was formed by the
merger of Citicorp and Travelers Group, Inc. Mr. Menezes then became President of
Citibank and co-CEO of the Global Corporate & Investment Bank.
Mr. Menezes received his degree in electrical engineering from the Indian Institute of
Technology Bombay in 1970 and a Master of Science degree in finance and economics from
the Sloan School of the Massachusetts Institute of Technology in 1972.
Mr. Menezes is a Vice Chairman of the Asia Society and Co-Chair of the American India
Foundation. He also serves on the boards of the Eisenhower Fellowships and Catholic
Charities. He previously was Chairman of The Clearing House in the U.S. and of the
National Center for Asia Pacific Economic Cooperation (APEC). He is currently a member
of the Advisory Board of INSEAD and the Visiting Committee of the Sloan School of
Management at MIT.