Vikram Pandit, the former chief executive officer of Citigroup Inc. (C), was named chairman of TGG Group, a consulting firm founded on the principles of behavioral economics.
Pandit will be chairman of the holding company for three TGG units: a core consulting and advisory division, a business serving non-profits and an innovation arm, according to a memo obtained by Bloomberg News and confirmed by Shannon Bell, a spokeswoman. Andrew Rosenfield will be CEO, according to the memo.
The new structure incorporates an original business founded by Rosenfield and economists including Daniel Kahneman and Steven Levitt, author of “Freakonomics.”
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