India-born Banga will take on the role of executive chairman, while Miebach will become the company's president on March 1. As per a note attached with the reception e-vite, Tavraj married Alexandra Shwartz in a "small and beautiful wedding in Newport, Rhode Island" on May 24. New Delhi, Feb. 16 (ANI): President and Chief Executive Officer (CEO) of MasterCard, Ajay Banga, called on Prime Minister Narendra Modi at the latter's official 7, Race Course Road (RCR) residence here on Monday. [5], Banga succeeded Robert W. Selander, who had been CEO since March 1997. Mastercard announced on April 12, 2010 that Banga, previously Mastercard's president and chief operating officer, had been named the company's president and chief executive officer, effective July 1, 2010. Ajaypal 'Ajay' Singh Banga (born 1960) is an American business executive. Ajay Banga (MasterCard) Born in Khadki, a town near Pune, he has also served as CEO of Citigroup Asia Pacific. Banga was born in 1960 in Saini sikh family in Khadki, Pune, Maharashtra, India where his father, an army officer, was posted. Chairman Richard Haythornthwaite will retire after more than a decade when Banga assumes his new role, the company said in a statement. Ajay Banga in the US . Vindi Banga, former chairman of HUL, and his wife Kamini have recently sent out invitations for a December reception to celebrate son Tavraj's wedding. [7] He is also a member of the 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. In April MasterCard's board met in Singapore where it named Indian-born Ajay Banga, the company's chief operating officer and president, ... Europe and the U.S., his current residence. Ajaypal Banga is 60, he’s been the Chief Executive Officer of Mastercard since 2020. You have entered an incorrect email address! 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. During his career at Citigroup, he held a variety of senior management roles in the United States, Asia Pacific, Europe, Middle East and Africa. Mastercard President and CEO Ajay Banga. "Indian-American entrepreneurial experience is widely varied. Billionaire Mukesh and Nita Ambani's daughter Isha Ambani got married to industrialist Ajay Piramal's son Anand Piramal on Wednesday evening. An alumnus of the Indian Institute of Management, Ahmedabad, he is also a member of the Board of Directors of the Dow Chemical Company, the Board of Governors of the American Red Cross, the Council of Foreign Relations, and serves as chairman of the Financial Services Roundtable and co-chair of the American India Foundation. Ajay is a co-founder of The Cyber Readiness Institute, first vice chairman of the International Chamber of Commerce and a trustee of the United States Council for International Business. Banga had vested but unexercised options worth about $50 million at the end of 2015, filings show. Capital One regularly comes out with unexpected products, ... Ajay Banga, MasterCard. He previously served as ICC’s First Vice-Chair since June 2018. He later joined PepsiCo and was involved in the launch of its international fast food franchises in India as the economy liberalized. [3][4] Mastercard announced in April 2010 that Banga, previously its president and chief operating officer, would become president and chief executive officer, effective July 1, 2010, and a member of the board of directors, effective immediately. https://www.india.com/viral/top-10-global-operations-head-of-indian-origin-10763 They attend events together showing the togetherness as a role model to others. His family is originally from Jalandhar, Punjab. [8], The Government of India awarded him the civilian honour of the Padma Shri in 2016. Mastercard CEO, Ajay Banga, has stated that cryptocurrencies like Bitcoin cannot function as an inclusive currency for the unbanked due to, what he perceives, Bitcoin’s increased susceptibility to market volatility.. "Through our relationship with Weill Cornell, we hope to spark the research that will deliver treatments that will turn cancer patients into cancer survivors, providing them bright futures." [11], Banga grew up and attended schools across India, successively in Secunderabad, Jalandhar, Delhi, Ahmedabad, before finishing his schooling in Shimla. Indian American business executive and former CEO of Mastercard, Indian Institute of Management, Ahmedabad, Indians in the New York City metropolitan region, "Naming a New Chief, MasterCard Signals It Is Open to Changes", "MasterCard CEO discusses diversity, technology, unpredictable world and personal incidents", "These CEOs of Indian Origin will make you feel proud", "About Mastercard - Smart & Secure Payment Solutions", "President Obama Announces More Key Administration Posts", "ICC elects Mastercard CEO Ajay Banga as new Chair", "10 Things You Didn't Know about Mastercard CEO Ajaypal Singh Banga", "Delhi whiz Ajay Banga becomes MasterCard CEO - Times of India", "Cramer, MasterCard CEO talk radical banking moves", "Press Release - Ajay Banga, President & CEO of MasterCard, to Keynote 2014 Graduate Convocation - NYU Stern", "MasterCard CEO Ajay Banga's six lessons on leadership—as told to the IIM-A class of 2015 — Quartz", https://en.wikipedia.org/w/index.php?title=Ajay_Banga&oldid=999830295, American chief executives of financial services companies, Indian Institute of Management Ahmedabad alumni, Recipients of the Padma Shri in trade and industry, Peterson Institute for International Economics, American businesspeople of Indian descent, American chief executives of Fortune 500 companies, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 12 January 2021, at 04:48. … There are no executives at Mastercard getting paid more. He joined MasterCard in 2009 as president and COO. https://www.india.com/viral/top-10-global-operations-head-of-indian-origin-10763 Founder of Cyber Readiness Institute, Ajaypal S. Banga is a businessperson who has been the head of 5 different companies and currently is Vice Chairman & Member at The Business Council and Chief Executive Officer for Mastercard International, Inc. Mr. Banga is also Co-Chairman of American India Foundation, Member of The Economic Club of New York, Member of Weill … NEW YORK (TIP): MasterCard CEO Ajay Banga has been appointed as a co-chair of American India Foundation (AIF). Banga has served as a member of the Advisory Committee for Trade Policy and Negotiations since 2015. She became famous by making videos on Tiktok. In 2020 he was elected chairman of the International Chamber of Commerce succeeding Paul Polman. Mastercard and the Gujarati motel owners are well known attend events together showing the as! 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