Bringing our readers to know more about Sikh personalities at high ranks or position in society, We will be today talking about Sardar Ajaypal Singh Banga or simply Ajay Banga.
Who is Ajay Banga ?
Ajay Banga is the current president and CEO of master card, you all must have heard about master card read it on your debit/credit card or somewhere during online payment transaction. He was named by the Board of Directors to Serve as the companies CEO and president of Master Card on April 12, 2010. MasterCard in 2012 paid CEO Banga $11.3 million.
On Thursday, February 5, 2015, President Barack Obama appointed him to serve as a member of the Presidents Advisory Committee for Trade Policy and negotiations.
History and Study:-
Born into a Sikh family in Khadki outside Pune, Maharashtra in India where his father, an army officer, was posted. The family's origin is from Jalandhar in Punjab. His father is retired lieutenant-general Harbhajan Singh Banga who is a decorated army general of Indian Army. He is also the younger brother of another well known CEO M S Banga. Banga grew up and schooled across India, successively in Secundrerabad, Jalandhar, Delhi, Hyderabad and in Shimla, where he finished his schooling. Banga went on to graduate with a Bachelor of Arts (Honours) degree in Economics from St. Stephen's College, Delhi University and MBA from the Indian Institute of Management, Ahmedabad.
Presently, he is also the chairman of the U.S.-India Business Council (USIBC) representing more than three hundred of the largest international companies investing in India. He is also a member of board of directors of the Dow Chemical Company; member of the Council on Foreign Relations; and member of International Business Council of the World Economic Forum.
Career:-
Beginning his business career with Nestlé in 1981, Banga spent the next 13 years working in jobs spanning sales, marketing, and general management. He later joined PepsiCo and was involved in the launch of its international fast food franchises in India as the economy liberalized. Banga was vice chairman of the board of trustees of the New York Hall of Science and a board member of the National Urban League. He was formerly a business sponsor of Citi's African heritage network – NYC. Banga has a keen interest in social development issues, and over the period from 2005 to mid-2009, he spearheaded Citi's strategy in the microfinance sector across the world. Banga is a regular speaker at various fintech & leadership conferences, he appeared on the Mad Money show hosted by Jim Cramer on Thursday, 6 Nov 2014 . Banga, was recently the keynote speaker at NYU Stern's 2014 Graduate Convocation on May 22, 2014 where he spoke about the importance of diversity in driving innovation and leadership.
According to their company profile:-
Ajay Banga
President and Chief Executive Officer
Ajay Banga is president and chief executive officer of MasterCard and a member of its board of directors.
Mr Banga is a member of President Obama’s Advisory Committee for Trade Policy and Negotiations. He is chairman of the US India Business Council and a member of the U.S.-India CEO Forum. He is a fellow of the Foreign Policy Association and was awarded the Foreign Policy Association Medal in 2012.
Mr. Banga serves on the Executive Committee of the Business Roundtable; and is vice chair of the Financial Services Roundtable and also of the Business Council. He is a member of the International Business Council of the World Economic Forum, the Council on Foreign Relations and the Economic Club of New York.
He serves on the board of overseers of the Weill Cornell Medical College and on the board of governors of the American Red Cross, the New York City Ballet, and the Partnership for New York City. He is also a member of the International Advisory Board of the Moscow School of Management (Skolkovo).
Mr Banga is a past director of Kraft Foods and has also served on the board of trustees of the Asia Society, the New York Hall of Science, and the National Urban League.
Prior to MasterCard, Mr. Banga was chief executive officer of Citigroup Asia Pacific. During his career at Citigroup, he held a variety of senior management roles in the United States, Asia Pacific, Europe, Middle East and Africa and oversaw its efforts in microfinance.
Mr. Banga began his career at Nestlé, India, where for 13 years he worked on assignments spanning sales, marketing and general management. He also spent two years at PepsiCo, where he was instrumental in launching its fast food franchises in India as the economy liberalized.
He is a graduate of Delhi University and the Indian Institute of Management, Ahmedabad.
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