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Ajay Banga

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Ajay Banga

Ajaypal Singh "Ajay" Banga (born November 10, 1959) is an Indian American business executive. He is the president of the World Bank Group. He was the executive chairman of Mastercard, after having previously been president and chief executive officer (CEO) of the company from July 2010 until December 31, 2020. He retired from this position on December 31, 2021, and joined General Atlantic as its vice chairman. Before being nominated to the World Bank, he was the chairman of Exor, the Netherlands-based investment holding company controlled by the Italian Agnelli Family, and chairman of the public-private Partnership for Central America with U.S. vice president Kamala Harris. Banga is the former chairman of the U.S.-India Business Council (USIBC) representing more than 300 of the largest international companies investing in India, and chairman of the International Chamber of Commerce. Banga was elected President of the World Bank on May 3, 2023, having been nominated to the position in February 2023 by the Joe Biden administration.

Infobox

Preceded by
David Malpass
Born
Ajaypal Singh Banga (1959-11-10) November 10, 1959 (age 66)Poona, Bombay State, India
Citizenship
Indian (1959–2007)American (2007–present)
Relatives
M. S. Banga (brother)
Education
St. Edward's School HPS Begumpet
Alma mater
St. Stephen's College, Delhi (BA) IIM Ahmedabad (MBA)
Awards
Padma Shri (2016)

Tables

· External links
Preceded byDavid Malpass
Preceded byDavid Malpass
Diplomatic posts
Preceded byDavid Malpass
Diplomatic posts
President of the World Bank Group 2023–present
Diplomatic posts
Incumbent
Diplomatic posts
Preceded byDavid Malpass
President of the World Bank Group 2023–present
Incumbent

References

  1. "Ajay Banga"
    https://investor.mastercard.com/corporate-governance/board-of-directors/person-details/default.aspx?ItemId=69055b98-d74b-4715-8b6f-87a385930985
  2. TASS
    https://tass.ru/info/17671651
  3. Ledger Enquirer
    https://www.ledger-enquirer.com/news/business/article101425582.html
  4. The New York Times
    https://www.nytimes.com/2023/06/02/business/economy/ajay-banga-world-bank.html
  5. "These CEOs of Indian Origin will make you feel proud"
    http://www.southreport.com/these-ceos-of-indian-origin-will-make-you-feel-proud/
  6. www.mastercard.com
    http://www.mastercard.com/us/company/en/newsroom/ceo_transition_announcement.html
  7. www.businesswire.com
    https://www.businesswire.com/news/home/20211201005403/en/Ajay-Banga-Joins-General-Atlantic-as-Vice-Chairman
  8. www.exor.com
    https://www.exor.com/press-releases/2022-05-24/exor-appoints-ajay-banga-chairman
  9. www.exor.com
    https://www.exor.com/press-releases/2023-05-02/exor-chairman-ajay-banga-resigns-nitin-nohria-be-proposed-new-chairman
  10. Partnership for Central America
    https://www.centampartnership.org/ajaybanga
  11. The White House
    https://bidenwhitehouse.archives.gov/briefing-room/statements-releases/2023/02/23/president-biden-announces-u-s-nomination-of-ajay-banga-to-lead-world-bank/
  12. International Chamber of Commerce
    https://iccwbo.org/media-wall/news-speeches/icc-elects-mastercard-ceo-ajay-banga-as-new-chair/
  13. "World Bank board elects US nominee Ajay Banga as president"
    https://www.reuters.com/business/finance/world-bank-board-poised-elect-us-nominee-ajay-banga-president-2023-05-03/
  14. The New York Times
    https://www.nytimes.com/2023/02/23/business/world-bank-president-nomination.html
  15. The White House
    https://bidenwhitehouse.archives.gov/briefing-room/statements-releases/2023/02/23/president-biden-announces-u-s-nomination-of-ajay-banga-to-lead-world-bank/
  16. "Born into a Saini Sikh family and attending schools and academic institutions in India, Banga is clearly not a typical
  17. Money Inc
    https://moneyinc.com/mastercard-ceo-ajaypal-singh-banga/
  18. News18 India
    https://www.news18.com/business/maharashtra-born-ajay-banga-to-take-over-as-president-of-world-bank-on-june-2-7717375.html
  19. Aime Williams, Camilla Hodgson and Anjli Raval (25 February 2023), Ajay Banga, World Bank nominee must swap finance for
    https://www.ft.com/content/097b3d80-5b46-4604-a5ce-9726819d9b8a
  20. Forbes
    https://www.forbes.com/global/2010/0809/companies-mastercard-vindi-ajay-india-banga-brothers.html
  21. "World Bank prez nominee studied at St Edward's : The Tribune India"
    https://www.tribuneindia.com/news/himachal/world-bank-prez-nominee-studied-at-st-edwards-482940
  22. www.bloomberg.com
    https://www.bloomberg.com/research/stocks/people/person.asp?personId=23673920&privcapId=6477196
  23. "MasterCard Names Ajay Banga President and Chief Executive Officer Succeeding Robert W. Selander"
    https://web.archive.org/web/20220215092535/https://newsroom.mastercard.com/press-releases/mastercard-names-ajay-banga-president-and-chief-executive-officer-succeeding-robert-w-selander/
  24. Biden nominates ex-Mastercard CEO Ajay Banga to lead World Bank Devex
    https://www.devex.com/news/biden-nominates-ex-mastercard-ceo-ajay-banga-to-lead-world-bank-105015
  25. Suzanne Kapner (13 September 2010), Master who plays his cards right Financial Times.
    https://www.ft.com/content/4c177f22-bd07-11df-954b-00144feab49a
  26. Forbes
    https://www.forbes.com/profile/ajaypal-banga/
  27. Greg Farrell (20 June 2009), Banga leaves Citi for MasterCard Financial Times.
    https://www.ft.com/content/8361b35a-5d20-11de-9d42-00144feabdc0
  28. Andrew Martin and Eric Dash (12 April 2010), Naming a New Chief, MasterCard Signals It Is Open to Changes New York Times
    https://www.nytimes.com/2010/04/13/business/13card.html
  29. Maria Aspan (12 April 2010), MasterCard names ex-Citi exec Banga as CEO Reuters.
    https://www.reuters.com/article/us-mastercard-idUSTRE63B24D20100412
  30. Alan Rappeport and Coral Davenport (23 February 2023), U.S. Nominates Ajay Banga to Lead World Bank New York Times.
    https://www.nytimes.com/2023/02/23/business/world-bank-president-nomination.html
  31. ICC - International Chamber of Commerce
    https://iccwbo.org/media-wall/news-speeches/icc-elects-mastercard-ceo-ajay-banga-as-new-chair/
  32. whitehouse.gov
    https://obamawhitehouse.archives.gov/the-press-office/2015/02/05/president-obama-announces-more-key-administration-posts
  33. Andrew Duehren and Andrew Restuccia (23 February 2023), Biden to Nominate Former Mastercard Executive Ajay Banga to Lea
    https://www.wsj.com/articles/biden-to-nominate-former-mastercard-executive-ajay-banga-to-lead-world-bank-ad1670ec
  34. Exor appoints Ajay Banga as Chairman Exor, press release of 24 May 2022.
    https://www.exor.com/press-releases/2022-05-24/exor-appoints-ajay-banga-chairman
  35. Ajay Banga and Jenny Lee to join Temasek Board Temasek Holdings, press release of 30 September 2021.
    https://www.temasek.com.sg/en/news-and-resources/news-room/news/2021/ajay-banga-jenny-lee-join-temasek-board
  36. Advisory Board BeyondNetZero.
    https://beyond-net-zero.com/team/
  37. "General Atlantic Targets $4 Billion for New Climate Strategy"
    https://news.bloomberglaw.com/private-equity/general-atlantic-starts-new-strategy-to-pursue-climate-deals
  38. Dow Board of Directors nominates Debra L. Dial and Luis A. Moreno to the Board Dow Chemical Company, press of 11 Februar
    https://investors.dow.com/en/news/news-details/2021/Dow-Board-of-Directors-nominates-Debra-L.-Dial-and-Luis-A.-Moreno-to-the-Board/default.aspx
  39. ICC elects Mastercard CEO Ajay Banga as new Chair International Chamber of Commerce (ICC), press release of 23 June 2020
    https://iccwbo.org/media-wall/news-speeches/icc-elects-mastercard-ceo-ajay-banga-as-new-chair/
  40. Trustees & Officers Economic Club of New York.
    https://www.econclubny.org/board-directors
  41. Board of Directors Peterson Institute for International Economics.
    https://www.piie.com/about/board-directors
  42. AIF Announces Appointment of MasterCard CEO Ajay Banga as Co-Chair American India Foundation, press release of 26 Januar
    https://aif.org/aif-announces-appointment-of-mastercard-ceo-ajay-banga-as-co-chair/
  43. "Leadership and Governance - World Economic Forum"
    https://www.weforum.org/about/leadership-and-governance/
  44. www.stern.nyu.edu
    http://www.stern.nyu.edu/experience-stern/news-events/banga-keynote-convocation-14
  45. qz.com
    https://web.archive.org/web/20170617043347/https://qz.com/377104/ajay-bangas-six-lessons-on-leadership-as-told-to-the-iim-a-class-of-2015/
  46. Penguin Random House India
    https://penguin.co.in/book/a-leader-listens/
  47. CNBC
    https://www.cnbc.com/2014/11/06/cramer-mastercard-ceo-talk-radical-banking-moves.html
  48. AP News
    https://apnews.com/article/pedro-pascal-ajay-banga-carnegie-great-immigrants-f28abf588332dd3bf2fe089100efb279
  49. "Padma Awards 2016"
    https://pib.gov.in/newsite/PrintRelease.aspx?relid=135783
  50. Time
    https://time.com/collection/time100-climate/6333155/ajay-banga/
  51. Minho Kim (10 April 2024), The Full Guest List for Biden’s State Dinner With Japan New York Times.
    https://www.nytimes.com/2024/04/10/us/politics/guest-list-biden-state-dinner-japan.html
  52. TIME
    https://time.com/collection/100-most-influential-people-2024/
  53. "World Bank's focus will include food insecurity and gender equality, says President Ajay Banga"
    https://www.cnbctv18.com/world/world-bank-broaden-horizon-to-food-insecurity-gender-equality-poverty-president-ajay-banga-g20-17763291.htm
  54. "World Bank president Ajay Banga on digital infrastructure"
    https://cio.economictimes.indiatimes.com/news/corporate-news/world-bank-president-ajay-banga-on-digital-infrastructure/103566906
  55. Ajay Banga, President of World Bank Group
    https://www.youtube.com/watch?v=lCDG_QjdltA&list=TLPQMDgwNDIwMjXORCT0OXI9JQ&index=2
  56. Agenzia Nova
    https://www.agenzianova.com/en/news/chi-e-ajay-banga-il-futuro-presidente-della-banca-mondiale-nato-in-india-e-candidato-dagli-usa/
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