He has a keen interest in social development issues and was named the 4 th “Most Powerful Indian” in the world. In 2015, President Barack Obama appointed him to the President's Advisory Committee for Trade Policy and Negotiations. Immediately after he was sworn in, the Biden administration started making changes. About Dr. Ajay K. Banga is Professor and Chair in the Department of Pharmaceutical Sciences at the College of Pharmacy and Health Sciences, Mercer University, Atlanta, GA. He is the president and chief executive officer (CEO) of Mastercard. Biden Says Trump Left Him A ‘Very Generous’ Letter—But Offers No Clues To What It Might Say, CES 2021 Celebrates New Era With Whimsical Robots, AI Influencers And Billie Eilish, UFC 257 Pre-Fight Press Conference Video Live Stream: Conor McGregor Vs. Dustin Poirier 2. After he graduated from high school, Banga enrolled at St. Stephen's College, Delhi University, from where he received a Bachelor of Arts (Honours) degree in Economics. Conor McGregor and Dustin Poirier meet in the main event of Saturday's UFC 257 pay-per-view card. In recognition of his illustrious career, Banga has received several accolades, including the Indian civilian honour Padma Shri, which the Government of India conferred on him in 2016. https://newsroom.mastercard.com/photos/photo-ajay-banga-president-and-ceo-mastercard/, https://www.ndtv.com/indians-abroad/brack-obama-appoints-mastercard-ceo-ajay-banga-to-key-administration-post-1395439. An army brat, Banga spent his early years in different cities all over India. His parents were Jaswant Kaur and Harbhajan Singh Banga, who was an officer with the Indian army and had risen to the rank of lieutenant general at the time of his retirement. He also served as one of the members of President Obama’s Commission on Enhancing National Cybersecurity. All Rights Reserved. Ajay Banga is president and chief executive officer of Mastercard and a member of its board of directors. When I think about our topic today – Innovating for Inclusion – I think of a shared journey before us. During his tenure there, he also held various other positions in senior management in the United States, Asia Pacific, Europe, Middle East and Africa. In 2009, he joined MasterCard Incorporated, and took over as the company’s president and CEO, effective from July 1, 2010, replacing the former CEO Robert W. Selander. After this, he worked for PepsiCo for two years and led the company in launching its fast food franchises in India during the economic liberalisation of the country in the 1990s. Mastercard announced that company president and chief executive officer Ajay Banga will transition to the role of executive chairman of the Board of Directors of Mastercard Incorporated. Fellow, American Association of Pharmaceutical Scientists. In the decade that Ajay Banga has led Mastercard from being a ‘card company’ to one that earns close to half its revenue from emerging payment tech areas, cyber security and data analytics. This information is according to proxy statements filed for the 2019 fiscal year. Ajay Banga had his last quarterly earnings call as Mastercard CEO on October 28. The Fortune 2020 Businessperson of the Year is Musk for a second time. AJay Yadav Bangaru. Check out our Digital Press Kit for more information on MasterCard's efforts to enhance He will become executive chairman of the board of directors on January 1, 2021. Ajaypal Singh Banga Net Worth $1.2 Billion. Lyons says it’s a comfort to have a CEO who is committed to technology: “We have the right guy driving the bus.” Ajay Banga MasterCard CEO Ajay Banga stands in the atrium of … It was one of the few traditional moves by Trump on his way out. Currently working as Head of Sales and Marketing My ultimate goal is to provide a platform for people to excel in their career. He is also the co-chairman of American India Foundation, a member of Council on Foreign Relations, Inc., Peter G. Peterson Institute for International Economics, The Economic Club of New York, US India CEO Forum, Weill Cornell Medical College, and International Business Council at World Economic Forum. In a surprise, the U.S. Navy announced it will stop deliveries of the Freedom class Littoral Combat Ship due to design flaws. All you need to know about Ajay Banga, complete with news, pictures, articles, and videos. Born in India, Ajaypal Banga began his career at Nestle and moved on to PepsiCo, where he helped launch its India-based fast food franchises. His elder brother, Manvinder Singh Banga, is also a businessman and a senior partner at the private equity fund Clayton Dubilier & Rice. Adobe CEO Shantanu Narayen and Mastercard CEO Ajay Banga have been named by Fortune among the Businessperson of the Year 2020, a list topped by Tesla CEO Elon Musk. Dithering puts the Navy's prized Constellation Frigate Program at risk. 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Banga was a a student at a private school called Hyderabad Public School, which was established in 1923 for the purpose of educating the sons of the elite. Ajay Banga is on the boards of trustees of Enterprise Communtiy Partners, Inc., the National Urban League, and the New York Hall of Science. An entirely India-educated financial analyst, Mr. Ajaypal Singh Banga, known as Ajay Banga is the current president and CEO of MasterCard Inc, the ubiquitous financial company. He succeeded Robert W. Selander in July, 2010, who had been MasterCard’s chief executive officer since March 1997. Curated profile of Ajay Banga, President and Chief Executive Officer, MasterCard including career history, news and intelligence, portfolio companies and investments. Banga also made Lyons, seen as a star within the company, MasterCard’s chief innovation officer. 503 likes. The incoming Biden Administration will receive bipartisan praise if it moves quickly to kill the ship. Curiously, it has turned out not one, not two, but three CEOs of famous companies, with the other two being Shantanu Narayen and Satya Nadella at the heads of Adobe and Microsoft respectively. He is the president and chief executive officer (CEO) of Mastercard. Banga’s family hails from Jalandhar in Punjab but he grew up in army bases all across India, attending schools in Secunderabad, Jalandhar, Delhi, Hyderabad and finally in Shimla, where he finished his high school education. About. These newly sworn-in officials have made history. A fellow of the Foreign Policy Association, Banga received the Foreign Policy Association Medal in 2012. https://www.thefamouspeople.com/profiles/ajaypal-banga-35598.php, Top NBA Players With No Championship Rings, The Top 25 Wrestling Announcers Of All Time, Celebrities Who Are Not In The Limelight Anymore. Roger Federer is expected to make his much-anticipated return at the tennis tournament in Qatar ExxonMobil Open in Doha which runs March 8-13, according to Richard Krajicek. Ajay Banga MasterCard President and CEO Mobile World Congress Innovating for Inclusion Barcelona, Spain March 3, 2015 As Prepared for Delivery Thank you for that introduction. Ajay Banga, President and Chief Executive Officer, MasterCard, thanks bKash, BRAC Bank and Western Union for their invaluable collaboration and support of the increasing importance of financial inclusion, as we move towards a World Beyond Cash. © 2021 Forbes Media LLC. Mr. Banga is a member of the U.S. President’s Advisory Committee for Trade Policy and Negotiations and is a founding Trustee of the U.S.-India Strategic Partnership Forum. I think about the good we can do if we act together. Having spent the next 13 years with the company, he later worked for PepsiCo and Citigroup. In mid-2010, he became the CEO and a member of the board of directors of Mastercard, moving up from COO. It’s coming quickly and it’s lucrative for all concerned because it is valuable and existential. Aditi Banga and Jonathan Ross Schwartz were married Sept. 8 at the David H. Koch Theater at Lincoln Center in New York. © 2021 Forbes Media LLC. President Biden is starting with 49 vacant judgeships, compared to the nearly 120 that Trump inherited four years ago. Department of Pharmaceutical Sciences College of Pharmacy & Health Sciences Mercer University, 3001 Mercer University Drive, Atlanta, GA 30341 _____ Education: Ajay is also the chairman of the US Indian Business Council (USIBC). Ajaypal Banga was born in 1960 in Khadki, a small town near the city of Pune, Maharashtra in India in a Saini Sikh family. Ajay Banga Education: His primary education was completed at the Hyderabad Public School in Begumpet. When the pandemic hit, Mastercard’s chief executive, Ajay Banga, made a promise to the company’s 19,000 employees: There would be no layoffs as a … Conor McGregor just spent $2 million on a one-of-a-kind NSFW Jacob & Co. Rasputin Tourbillon Erotic watch just days before his UFC 257 fight against Dustin Poirier. Ajaypal Banga is married to a woman named Ritu and has two daughters, Jojo and Aditi. M. Abla and A.K. Thank you for accessing our content on the Topio Networks Market Intelligence Center. Banga went on to graduate with a Bachelor of Arts (Honours) degree in Economics from St. Stephen’s College, Delhi University followed by PGP in Management (equivalent to MBA) from the Indian Institute of Management, Ahmedabad. He guided the company’s efforts in microfinance as well. He received his primary education from the prestigious Hyderabad Public School in Begumpet. Prior to joining MasterCard, Banga was employed as the chief executive officer of Citigroup Asia Pacific. 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