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Former Citigroup CEO Pandit launching new firm: Report

Vikram Pandit, the former Citigroup chief executive who was ousted less than two years ago, is starting a consulting firm aimed at helping companies improve their cultures and use of technology, The Wall Street Journal reports.

According to the report, Pandit is partnering with 'Freakonomics' co-author Steven Levitt and Nobel-winning economist Daniel Kahneman.

Vikram Pandit
Munshi Ahmed | Bloomberg | Getty Images
Vikram Pandit

The firm, TGG, is promoting "a novel approach to address the challenges that large complex organizations face in compliance, fraud, corruption, and culture and reputation," said an email to Deutsche executives from Hamid Biglari, one of Pandit's former Citigroup lieutenants and a managing partner of the new venture.

"We think the results are transformative for companies looking to create a culture of performance and integrity," the email said.

Pandit abruptly left Citigroup in October 2012 amid complaints about his management style.

(Read more: Vikram Pandit Tells CNBC: I Was Not Forced Out at Citigroup)

Click here to read the Journal's full report.

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