Michael L. Corbat is CEO, as well as head of the brokerage and asset management unit, of Citi Holdings. He is also a member of Citi's Senior Leadership Committee.
Mr. Corbat most recently served as the CEO of Citi's Global Wealth Management unit, which comprises Smith Barney and the Citi Private Bank. Prior to this, he was a Managing Director and Head of the Global Corporate Bank and Global Commercial Bank at Citi, a role in which he led the firm's efforts to provide best-in-class financial services to top-tier multi-national corporations and financial institutions around the world.
Previously, Mr. Corbat was Head of Global Emerging Markets in Markets and Banking, responsible for the origination, trading, and sales of emerging markets fixed income debt. He joined Salomon Brothers, a Citi legacy firm, in 1983 in the Fixed Income Sales Department in Atlanta and has worked in New York City and London.
In his various advisory and structuring roles, Mr. Corbat has successfully guided clients grappling with significant challenges, such as the bankruptcy of Orange County, California, to sovereign debt restructurings in Ecuador and Uruguay, to being actively involved with many of the activities surrounding the world's largest companies.
He currently serves on the Board of Trustees of the Salisbury School and is a member of the Board of Directors of the BritishAmerican Business, Inc. and the Swedish American Chamber of Commerce.
Born in Bristol, Connecticut, Mr. Corbat earned a bachelor's in economics from Harvard University in 1983.