- LATEST
- WEBSTORY
- TRENDING
BUSINESS
Meet Ajay Banga, Indian-origin former Mastercard CEO nominated to lead World Bank
According President Biden, Ajay Banga has expertise leveraging public-private resources to solve the most serious challenges of our day, including climate change.
Updated : Feb 23, 2023, 09:41 PM IST
 "Ajay Banga, World Bank, former mastercard CEO, Ajay Banga net worth, Ajay Banga indian origin, Ajay Banga education")
TRENDING NOW
)
Shilpa Shetty breaks down, Salman Khan cancels shoot; celebs rush to Lilavati hospital after Baba Siddique shot dead
)
Amid divorce rumours of Aishwarya, Abhishek Bachchan, video of Jaya announcing his engagement with Karisma goes viral
)
Bigg Boss 18: Rajat Dalal, Vivian Dsena, Avinash Mishra, Chahat Pandey, top 5 most popular contestants this week
)
'Thanks for...': Abhishek Bachchan's viral statement amid divorce rumours with Aishwarya Rai
)
Aishwarya Rai's biggest flop was rejected by Priyanka Chopra, ruined director's career, didn't earn even Rs 10 crore
)
Amaran box office collection day 4: Sivakarthikeyan-starrer becomes highest-grossing film in his career, earns Rs...
)
'Dusre ki biwi ko chheen ke...': Arya Babbar roasts Arjun Kapoor with Malaika Arora reference after Singham Again
)
'Fake drama': Sania Mirza, Shoaib Malik celebrate their son Izhaan's birthday in Dubai; netizens troll Pak cricketer due
)
This Amitabh Bachchan film was major flop, fans tore seats in anger, superstar had to re-dub movie, later it became...
)
Aishwarya Rai fans express anger after Abhishek Bachchan, Amitabh Bachchan skip her birthday post: 'She needs to...'
)
Rupali Ganguly's husband Ashwin breaks his silence after his daughter calls Anupamaa fame 'psychotic, cruel-hearted'
)
Meet IAS officer who cracked UPSC exam twice without coaching, became youngest IPS at 21, is Vikas Divyakirti's...
)
Pakistani TikTok star Minahil Malik reacts after leaked video with boyfriend goes viral, says, 'I'm done...'
)
Meet woman, IIT dropout, who became actor, then left Bollywood during her career peak to join Google as...
)
Gandii Baat, XXX show actress Aabha Paul looks stunning in sultry photos, sexy videos
On Thursday, US President Joe Biden announced his nomination of Ajay Banga, a former Mastercard CEO of Indian descent, to head the World Bank. He was praised by President Biden for having significant expertise on issues like climate change.
The information was released just days after David Malpass, a Trump nominee, declared his intention to leave his position as director of the 189-nation body tasked with reducing poverty.
Who is Ajay Banga?
Ajaypal SinghBanga, a 63-year-old Indian-American, is presently vice chairman of the equity firm General Atlantic. Prior to this, he served as Mastercard's CEO. According to a statement from Biden, Banga has "important expertise leveraging public-private resources to solve the most serious challenges of our day, including climate change."
Prior to joining Mastercard, Ajay Banga spent more than ten years working for Citigroup and Nestlé in India. He also serves as chairman of Exor, a Dutch investment holding company. According to estimates, Ajay Bhanga is worth about $143 million.
Banga's capacity to adapt was boosted by his upbringing in several Indian cities as the son of lieutenant general Harbhajan Banga of the Indian army. However, his family hails from Punajb's Jalandhar.
Ajay Banga received his elementary education from Hyderabad Public School. Banga then earned an MBA-equivalent PGP in Management from the Indian Institute of Management, Ahmedabad, after graduating with a Bachelor of Arts (Honors) in Economics from St. Stephen's College, Delhi University.
In 1981, Banga started his business career with Nestlé, and during the next 13 years, he held positions in sales, marketing, and general management. After joining PepsiCo, he took part in the opening of the company's worldwide restaurant franchises in India when the country's economy opened up. In 2016, the Indian government gave Banga the Padma Shri, a civil honour.
