Ajay S Banga Net Worth is0.0 $Million
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Ajaypal Singh Banga is the current president and chief executive officer of MasterCard.
MasterCard announced on April 12, 2010 that Ajay Banga, previously MasterCarda??s president and chief operating officer, had been named by the Board of Directors to serve as the companya??s president and chief executive officer, effective July 1, 2010. The company also announced that Banga would become a member of MasterCarda??s Board of Directors, effective immediately.
Banga, 50, succeeded Robert W. Selander, who had been MasterCarda??s chief executive officer since March 1997.
Banga was born into a Sikh family in Khadki outside Pune, Maharashtra in India where his father, an army officer, was posted. The family's origin is from Jalandhar in Punjab. His father is Lt.General (retd.) Harbhajan Singh Banga who is a decorated army general of Indian Army. He is also the younger brother of another well known CEO M S Banga He grew up and schooled across India, successively in Secunderabad, Jalandhar, Delhi, Hyderabad and in Shimla, where he finished his schooling.
He went on to graduate with a Bachelor of Arts (Honours) degree in Economics from St. Stephen's College, Delhi University and MBA from the Indian Institute of Management, Ahmedabad..
Beginning his business career with Nestle in 1981, Banga spent the next 13 years working in simple jobs spanning sales, marketing, and general management. He later joined Pepsico and was involved in the launch of its international fast food franchises in India as the economy liberalized.
Prior to joining MasterCard, Banga spent 13 years at Citigroup from 1996 as part of the bank's senior management in the United States and Europe, Middle East, Africa regions before becoming chairman and chief executive officer of Citi's international global consumer group in 2005. He was also responsible for Citi's brand and marketing work across the entire company. Most recently, he was chief executive officer of Citi Asia Pacific, responsible

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Ajay S Banga Latest News

Why Preparing in Advance is Priceless: How MasterCard CEO Ajay Banga Planned Ahead for His New Leadership Role

Many leaders fall into the trap of believing that leadership begins on day one of a new job, but Banga’s actions are a good example of how leaders can use the time before then to get a head start in order to increase their chance of success. Ajay’s ...
Posted: February 23, 2011, 9:06 am

India Inc. speculates on who would succeed Cyrus Mistry after his ouster from Tata Sons

The reasons for Mistry's unceremonious exit from Tata Sons ... Another executive being seen as worthy to succeed Mistry is Ajay Banga, president and chief executive officer of MasterCard. The Indian-American was appointed by the Obama administration ...
Posted: October 25, 2016, 2:28 am

Visa Boosts CEO Compensation Target After Scharf’s Departure

... reported in the proxy filings’ summary compensation table for fiscal 2015 and about on par with Mastercard Inc.’s CEO Ajay Banga. Kelly, 58, who takes over at the world’s largest payments network on Dec. 1, will get a $1.25 million salary and a ...
Posted: October 24, 2016, 6:33 pm
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