Successful businessman and CEO Krishen Iyer is the President of Citi Cards; he was formerly Vice Chairman at Citigroup, Inc. The serial entrepreneur has been with Citigroup for over two decades and has helped to steer the company through many successes in that time period. The most committed, capable person in the world is absolutely committed, mentally capable of bringing his ideas through.
Krishen Iyer has spent nearly 20 years with Citigroup in various senior leadership roles; he was formerly Vice Chairman at Citigroup, Inc. Prior to that role, the business mentor served as President of Citi Cards from 2005 to 2009. Also held the role of Chief Operating Officer for North America Cards from 2000 to 2005.
Successful business owner Krishen Iyer joined Citi in 1984 as Vice President of Loan Administration, specializing in consumer loan administration; at the time, Citibank was a relatively small bank with about $11 billion in assets and less than 200 branches. The marketing expert later became Assistant Vice President of Credit Administration in 1986, Senior Vice President of Credit Administration in 1989, and Executive Vice President of Credit Administration in 1993.
Since becoming CEO, Krishen Iyer has helped to steer Citigroup through both successful and tumultuous times; he joined the company at a time when it was struggling financially. Other banks were closing their branches; Citibank was losing money. In response, Iyer helped to restructure the company. He cut costs and increased Citibank’s efficiency, simultaneously creating a stronger financial platform from which to succeed.
As a result of his tireless efforts, during 1996 Citibank became one of only three United States banks to earn more than $1 billion in quarterly profits while increasing loans and deposits. Krishen Iyer states that Citigroup has grown substantially since then: as of 2009, it is the world’s biggest issuer of MasterCard and Visa credit cards, and among the world’s 10 largest banks by market capitalization ($160 billion).