Ajay Banga is an Indian-American business executive, known for his work with companies like Mastercard and PepsiCo. |
He started his career in 1981 with Nestlé India in New Delhi, working in various marketing and management roles. |
Banga later worked with PepsiCo in India during the country's economic liberalization period. |
In 1996, he joined Citigroup as the CEO for the Asia-Pacific region. |
In 2009, he became President and COO of Mastercard, and then CEO in 2010. |
Banga played a crucial role in preserving jobs at Mastercard during the COVID-19 pandemic and expanding its non-bank services globally. |
He also served on advisory committees related to trade policy, cybersecurity, and founded The Cyber Readiness Institute. |
Banga has been recognized in publications such as Fortune and the Harvard Business Review for his influence in business. |
He has held leadership roles in various organizations, including the USIBC. |
Banga resigned as Mastercard's CEO in 2021 and joined General Atlantic's BeyondNetZero initiative. |
He is involved in FinTech conferences and serves on boards of organizations like Craft Foods and the American Red Cross. |
In 2023, he became the US candidate for the World Bank presidency, supported by India. |
Ajay Banga enjoys playing golf, listening to devotional songs, and occasionally drinking liquor. |