President & CEO, Mastercard
Tuesday, May 7, 2019
- Erik Schatzker
- Editor-at-Large, Bloomberg Television
Ajay Banga is president and chief executive officer of MasterCard and a member of its board of directors.
Prior to joining MasterCard in 2009, Mr. Banga was chief executive officer of Citigroup Asia Pacific responsible for all businesses in the region, including institutional banking, alternative investments, wealth management, consumer banking and credit cards. He joined Citigroup in 1996 and held a variety of senior management roles in the United States, Asia Pacific, and the Europe, Middle East and Africa regions. He was also responsible for Citi's brand marketing and from 2005-2009 oversaw its efforts in microfinance.
Mr. Banga began his career at Nestle, India, where for 13 years he worked on assignments spanning sales, marketing and general management. He also spent two years at Pepsico, where he was instrumental in launching its fast food franchises in India as the economy liberalized.
Mr. Banga is a member of the Board of Overseers of the Weill Cornell Medical College. He is currently chairman of the U.S.-India Business Council, and serves as a member of the Executive Committee of the Business Roundtable and chairs its Information and Technology Initiative. In addition, he is a member of The Business Council, the Council on Foreign Relations, the International Advisory Board of the Moscow School of Management (Skolkovo), The Economic Club of New York, and the board of The Financial Services Roundtable, the New York City Ballet and The Partnership for New York City. He also is a fellow of the Foreign Policy Association and was awarded the Foreign Policy Association Medal in 2012.
From 2007 to 2012,Mr. Banga served on the board of directors of Kraft Foods. He has also served on the board of trustees of the Asia Society, the New York Hall of Science, and the National Urban League, among others. He received a B.A. in Economics from Delhi University where he graduated with honors and is an alumnus of the Indian Institute of Management, Ahmedabad.