Vikram Pandit bags Euronext award

India-born chief executive officer of Citigroup, Vikram Pandit, was awarded Banker of the Year by Euronext magazine for having executed one of the biggest, and most complex, bank restructurings in history which saw the troubled institution returning to profits.

Apart from the top honours, Citi won 12 more awards at a gala event held in London, including best investment bank in India, Citigroup said.

"By focusing on being a bank dedicated solely to serving its clients and taking advantage of our unique global footprint, we have put all the elements in place for long-term profitability and success," Pandit said.

The Nagpur-born Pandit has been at the helm of Citi since 2007 during which the bank saw difficult days because of the global slowdown.