He also spent two years with PepsiCo, where he was instrumental in launching its fast food franchises in India as the economy liberalized. His primary education was completed at the Hyderabad Public School in Begumpet. And not just the people doing these things today, but the people who have the untapped potential to design and drive things tomorrow—because … 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. President and Chief Executive Officer. Ajay Banga had a truly high flying career with Citibank when he took the decision to join MasterCard and ultimately ending up as CEO. Ajay Banga is currently the CEO and president of the well-known multinational financial services corporation known as MasterCard. [17] He also was a keynote speaker for his alma mater, the Indian Institute of Management Ahmedabad, during the Class of 2015's convocation.[18][19]. He will become executive chairman of the board of directors on January 1, 2021. He makes funny, comedy... © Copyright Crazum 2020. Ajay Banga - CEO of Mastercard In this second episode, we talk to Ajay Banga about his family history growing up in India, what he learned from his parents’ struggles, and how he gambled a promising career at Nestle to go down a path that led him to becoming the CEO of one of the largest financial corporations in the world, Mastercard. Edit. >> Yeah. Save my name, email, and website in this browser for the next time I comment. Banga is a regular speaker at various FinTech conferences and various leadership conferences. His father, Harbhajan Singh Banga is a retired lieutenant-general who served in the Indian Army. Banga 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, was the keynote speaker at the NYU Stern 2014 Graduate Convocation on May 22, 2014, where he spoke about the importance of diversity in driving innovation and leadership. MasterCard. Add Milestone No milestones has been recorded for Ajay Banga Edit. Ajay is a founding trustee of the U.S. … President and Chief Operating Officer. There are 7 older and 18 younger executives at Mastercard. Prior to joining MasterCard, he held various senior management roles with Citigroup from 1996 to 2009, most recently serving as CEO of Citigroup Asia Pacific. Ajay started his career in India, first at Nestlé in roles spanning sales, marketing, and general management, and next at PepsiCo, where he … [5], In February 2015, President Barack Obama appointed Banga to serve as a member of the President's Advisory Committee for Trade Policy and Negotiations. He was awarded the Padma Shri Award by the President of India in 2016, the Ellis Island Medal of Honor in 2019 and the Business Council for International Understanding’s Global Leadership Award. He also appeared on the Mad Money show hosted by Jim Cramer on Thursday, 6 Nov 2014[16], Banga, was the keynote speaker at the NYU Stern 2014 Graduate Convocation on May 22, 2014, where he spoke about the importance of diversity in driving innovation and leadership. He was born in Pune, India and completed economics degree from Delhi University. He served as a member of President Obama’s Commission on Enhancing National Cybersecurity. Any company that wants to keep thriving has to look beyond technological advances to the people who design, build and drive them. Ajay Banga is executive chairman of Mastercard after having served as chief executive officer from July 2010 through December 2020. He got popular with his Youtube Channel. 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. Satya … [6], Banga succeeded Robert W. Selander, who had been CEO since March 1997. [LAUGH]. Mastercard, Inc. operates as a technology company. Also Read: Sashidhar Jagdishan (HDFC Bank CEO), Wiki, Age, Salary & More. In 2020 he was elected chairman of the International Chamber of Commerce succeeding Paul Polman. Beginning his business career with Nestlé in 1981, Banga spent the next 13 years working in jobs spanning sales, marketing, and general management. Ajay Banga Net Worth (MasterCard CEO), Salary, Wiki and More He also discussed why innovation is “mission critical” in the payments … Prior to joining Mastercard in 2009, he was Chief Executive Officer of Citigroup Asia and served as a member of President Obama’s Commission on Enhancing National Cybersecurity. This reminds me of how Aditya Puri took a similar decision when he decided to build HDFC Bank in India back in ’94. Meet Ajay Banga. The estimated Net Worth of Ajay Banga is at least $224 Million dollars as of 23 July 2020. His father, Harbhajan Singh Banga is a retired lieutenant-general who served in the Indian Army. >> So Nestle, Pepsi Co, Citi, and now MasterCard. [13], His primary education was completed at the Hyderabad Public School in Begumpet. During his career at Citigroup, he held a variety of senior management roles in the United States, Asia Pacific, Europe, Middle East and Africa. He previously served as ICC’s First Vice-Chair since June 2018. Jul-2010. Basically, he’s a middleman, but a very powerful one. Ajaypal Singh Banga Net Worth $1.2 Billion. In the next 13 years of his stay at Nestle, he leads a variety of assignments spanning sales, marketing, and general management. Ajay 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 previously served as ICC’s First Vice-Chair since June 2018. 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. Dow Chemical Company. Subscribe to our mailing list and get interesting stuff and updates to your email inbox. In addition, he makes $23,250,000 as Chief Executive Officer at Mastercard. ICC has elected MasterCard CEO Ajay Banga as Chair. Mr Banga, who has served as ICC’s First Vice-Chair since June 2018, becomes ICC Chair with immediate effect, succeeding Paul Polman who becomes ICC Honorary Chair. There is no doubt that Banga’s net worth will become higher as he successfully continues his career. Ajay Banga is happily married to Ritu Banga a better half in every step of his life. Ajay Banga Net Worth (MasterCard CEO), Salary, Wiki and More, Sashidhar Jagdishan (HDFC Bank CEO), Wiki, Age, Salary & More, Go India Jaipur Event Quiz Answers (GPay) Visit & Win Upto Rs.100, Shyam Kishore (Abiel Elijah Abraham) JCNM Pastor’s Wiki, Padmaja Chunduru (CEO Indian Bank) Salary, Age, Education, Wiki, Igor Landau Wiki, Net Worth, Bio of Former Chairman, (Adidas AG), Shanmukh Jaswanth Wiki, Age, Biography, Family, Girlfriends, Images & More, Vaishnavi Chaitanya (Youtube Actress) Wiki, Bio-data, Wikipedia, Age, Siri Hanumanth (YouTube Actress) Wiki, Family, Fiance, Biodata, Aishwarya Reddy (Warangal Vandhana) Wiki, Age, Height & Bio. Ajaypal Singh Banga (born November 10, 1959) is an Indian-American business executive. [11] His family is originally from Jalandhar, Punjab. He is a fellow of the Foreign Policy Association and was awarded the Foreign Policy Association Medal in 2012. He is a graduate of Delhi University and the Indian Institute of Management, Ahmedabad. Banga grew up and attended schools across India, successively in Secunderabad, Jalandhar, Delhi, Hyderabad, before finishing his schooling in Shimla. Banga has served as a member of the Advisory Committee for Trade Policy and Negotiations since 2015. During his View From The Top talk at Stanford GSB, MasterCard President and CEO Ajay Banga emphasized the importance of communication, taking risks, learning from everyone around you, and surrounding yourself with people who think differently than you do. Banga is a founding trustee of the U.S.-India Strategic Partnership … Ajay Banga is chief executive officer of Mastercard and a member of its board of directors. He is the son of Harbhajan Singh Banga, a retired army officer, and was brought up in a traditional family with his older brother Manvinder Singh Banga, who is also … 2013. You have entered an incorrect email address! Ajay Banga Career (4) Jan-2016. Banga. He later joined PepsiCo and was involved in the launch of its international fast food franchises in India as the economy liberalized. Aug-2009 to Jul-2010. The glittering fundraiser honored SU2C co-founder and award-winning journalist Katie Couric for her dedication to cancer advocacy. 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. As the Chief Executive Officer of Mastercard, the total compensation of Ajaypal Banga at Mastercard is $23,250,000. He later joined PepsiCo and was involved in the launch of its international fast food franchises in India as the economy liberalized.[15]. Banga, incidentally, served as co-chair — along with his wife Ritu — of the Entertainment Industry Foundation’s Stand Up To Cancer’s “New York Standing Room Only” event April 9. Ajay is a co-founder of The Cyber Readiness Institute, chairman of the International Chamber of Commerce and a trustee of the United States Council for International Business. Beginning his business career with Nestlé in 1981, Banga spent the next 13 years working in jobs spanning sales, marketing, and general management. Ajay Banga Achievements and Recognitions. He will become executive chairman of the board of directors on January 1, 2021. Financial Services Roundtable. Ajay is a member of the board of overseers of the Weill Cornell Medical College. [8] 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. He was formerly a business sponsor of Citi’s African heritage network – NYC. He also was a keynote speaker for his alma mater, the Indian Institute of Management, Ahmedabad, during the Class of 2015’s convocation. April 24, 2014 | by Steve Fyffe In 2010, Banga was appointed CEO of Mastercard, headquartered in … Prior to Mastercard, Ajay served as chief executive officer of Citigroup Asia Pacific. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs. Ajay is a co-founder of The Cyber Readiness Institute, chairman of the International Chamber of Commerce and a trustee of the United States Council for International Business. https://www.thefamouspeople.com/profiles/ajaypal-banga-35598.php He is the younger brother of businessman M. S. Banga. In 2020 he was elected chairman of the International Chamber of Commerce succeeding Paul Polman. 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. MasterCard CEO Ajay Banga (2014) Full Text — MasterCard CEO Ajay Banga on Taking Risks in Your Life and Career View From The Top talk at Stanford GSB. Ajay Banga is Chairman at Mastercard Inc. See Ajay Banga's compensation, career history, education, & memberships. Ajay began his career at Nestlé, India, where for 13 years he worked on assignments spanning sales, marketing and general management. He is the older among two siblings. Board Member. 1981 [5][6][14], Beginning his business career with Nestlé in 1981, Banga spent the next 13 years working in jobs spanning sales, marketing, and general management. He was director for Marketing and Business Development at PepsiCo Restaurants International India from 1994 to 1996 and began his career at Nestlé India, working in sales and management roles from 1981 to 1994. Banga’s company works with card issuers and with acquirers who sign up shops or merchants. >> Okay. Banga was born in 1960 in Saini sikh family in Khadki, Pune, Maharashtra, India where his father, an army officer, was posted. Ajaypal Banga is 60, he’s been the Chief Executive Officer of Mastercard since 2020. In April MasterCard's board met in Singapore to name Indian-born Ajay Banga, the company's chief operating officer and president, to succeed Chief Executive Robert Selander. The oldest executive at Mastercard, Inc. is Jackson Tai, 70, who is the Independent Director. [5], Banga is a regular speaker at various FinTech conferences and various leadership conferences. Ajay Banga is executive chairman of the board of directors of Mastercard. He is the younger brother of businessman M. S. He moved into this role following 11 years as the company’s president and chief executive officer. In their discussion, they will address realizing the promise of the digital technology, unlocking … All rights reserved. >> And … There are no executives at Mastercard getting paid more. Ajay Banga, CEO, Mastercard "A world that works for only some of us will eventually not work for any of us. [12], Banga grew up and attended schools across India, successively in Secunderabad, Jalandhar, Delhi, Ahmedabad, before finishing his schooling in Shimla. [9], The Government of India awarded him the civilian honour of the Padma Shri in 2016. [3] He is currently executive chairman of Mastercard, having previously served as president and CEO of the company from July 2010 until December 31, 2020. Mr. Banga owns over 61,067 units of Mastercard stock worth over $130,455,515 and over the last 11 years he sold MA stock worth over $69,986,260. >> They now wanna move on to, in the last 10 years at Citi and now MasterCard, you've had a chance to develop a global perspective, and I wanna explore that a little bit. 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 also appeared on the Mad Money show hosted by Jim Cramer on Thursday, 6 Nov 2014. The son of an Indian army officer, Banga was born in Khadki, a cantonment a few hours outside Mumbai. 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 … His family is originally from Jalandhar, Punjab. After studying economics at Delhi University, he took an MBA from the Indian Institute of Management and began an illustrious career working for corporate giants like Nestlé and PepsiCo. He joined MasterCard in 2009 as president and COO. Ajay Banga is the chief executive officer and president of MasterCard Inc. Satya Nadella. Ajay Banga is one of them. MasterCard. Taking Risks in your Career and Life 49mins. In addition, Ajay serves as a director of Dow Inc. and is a member of its compensation and governance committees. CEO, Mastercard Photo by Win McNamee/Getty Images Born in India, Ajaypal Banga began his career at Nestle and moved on to PepsiCo, where he … He is a past member of the U.S. President’s Advisory Committee for Trade Policy and Negotiations. Ajaypal Banga biography Ajay started his career with Nestle India as a management trainee in 1981. [4][5] 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. Board Member. TRANSCRIPT: Interviewer: Thank you so much for being here today. Competencies. Ajay Banga is chief executive officer of Mastercard and a member of its board of directors. 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. [10], Banga was born November 10, 1959 into a Sikh family in Khadki, Pune, Maharashtra, India where his father, an army officer, was posted. They attend events together showing the togetherness as a role model to others. Join President Bill Clinton; Ajay Banga, chief executive officer, Mastercard; Mayor Randall Woodfin, Birmingham; Wole C. Coaxum, founder and chief executive officer, Mobility Capital Finance; and Andrea Jung, president and chief executive officer, Grameen America. He later joined PepsiCo and was involved in the launch of its international fast food franchises in India as the economy liberalized. Ajay Banga is executive chairman of the board of directors of Mastercard. He was formerly a business sponsor of Citi's African heritage network – NYC. 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 founding trustee of the U.S.-India Strategic Partnership Forum, a member of the U.S.-India CEO Forum and is Chairman Emeritus of the American India Foundation. Banga has been president and CEO of MasterCard since 2010. 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=1006249982, 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 11 February 2021, at 21:34. Wanna begin with your career and it's trajectory to date, 30 years, Nestle, Pepsi-Co. >> You're giving away my age very quickly. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. Listen to the MP3 Audio here: MasterCard CEO Ajay Banga on Taking Risks in Your Life and Career. He is the CEO of Mastercard. Ajay Banga is president and chief executive officer of Mastercard and a member of its board of directors. The company was founded in 1966 and is headquartered in Purchase, NY. 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. [7], 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. Career & Success Leadership MasterCard CEO Ajay Banga on Taking Risks in Your Life and Career The payments technology executive discusses the importance of surrounding yourself with people who think differently than you. He also oversaw the company’s efforts in microfinance. Shanmukh Jaswanth a.k.a Shannu is the famous Youtuber , Dancer and Actor from India. Ajay Banga was raised in Khadki, Pune, Maharashtra in India.

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