Company on the Move: The Orogen Group, Launch
Former Citigroup CEO Vikram Pandit and independent investment fund Atairos Group are creating The Orogen Group, a New York-based company that will make controlling and other strategic investments in financial services companies and related businesses. Orogen will be governed by a board of directors, with Pandit serving as chairman and CEO. Pandit also will serve as a senior adviser to Atairos, which was founded by Comcast Corp. Chief Financial Officer Michael Angelakis.
Orogen will focus on building long-term strategic partnerships with growth companies where it sees an opportunity to create value as the financial services industry evolves due to changes in regulation and new technologies. Orogen believes that over time the industry will evolve from one dominated by large conglomerate banks and nonbank financial companies to a broader and more decentralized network of providers.
