Victor Menezes
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Victor J. Menezes (May 14, 1949 - ) is an engineer and banker, who acts as a top official in international financial organizations. He is originally from India and received his degree in electrical engineering from the Indian Institute of Technology, Bombay in 1970. He received a Master's degree in Management (M.B.A.) from the MIT Sloan School of Management in 1972. In the same year, he joined Citicorp in Corporate Banking. Later, he was posted in "practically every continent" -- as one bio-sketch put it. Displaying exemplary banking skills throughout, he rose to the post of Chief Financial Officer in 1995.
Menezes is the Chairman of the Clearing House Association; serves as a trustee of the Asia Society, the Eisenhower Fellowships and the American India Foundation. He was recently named Chairman of the Board of Governors of the National Center for Asia Pacific Economic Cooperation (APEC). Menezes is also a member of the Advisory Board of INSEAD. Menezes has been Senior Vice Chairman of Citigroup and was a member of Citigroup’s Management Committee and Business Heads Committee. A 2003 profile of Menezes, by the IIT Bombay Alumni Association of Greater New York, notes that he has earlier been Chairman and CEO of Citibank and headed Citigroup’s Emerging Markets business. Today, the IIT Bombay calls Menezes its "product" who reached the highest levels of banking and finance.
Menezes is believed to have played a key role in crafting a $3 billion write-off in Latin American debt in 1987. This helped open the way for Latin American countries to access capital markets while clearing "an ugly mess from the bank's books".
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