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.”
To contact the reporter on this story: Dakin Campbell in New York at firstname.lastname@example.org
To contact the editors responsible for this story: Peter Eichenbaum at email@example.com Steve Dickson