US President Joe Biden has nominated Indian Origin Ajay Banga to head the World Bank. Ajay Banga is a former Mastercard CEO, which is a US based payment processing company. Indian Origin persons living in the United States have been playing a major role in the development of the country. Many Indians are serving as a CEO of major american brands.
Ajay Banga has been nominated by the President of the United States for the post of President of the World Bank. World Bank plays a major role in financing key projects in low and middle income countries for the development of that particular country. In this post we will know about Ajay Banga who is nominated to become the President of the world bank by the POTUS.
Ajay Banga Facts
| Name | Ajay Pal Singh Banga |
| Birth Date | November 10, 1959 |
| Age | 63 Years |
| Known As | Indian American Executive, Recently nominated to be President of the World Bank Former CEO, MasterCard |
| Education | St. Stephens College Delhi, IIMA |
| Companies Worked For | MasterCard, Exor, General Atlantic |
| Key Positions Served | Executive Chairman MasterCard, Vice Chairman, General Atlantic, Chairman of Exor Chairman of PCA Chairman of USIBC Chairman, International Chamber of Commerce |
| Citizen of | United States of America |
Ajay Banga Bio Overview
Ajay Banga was born in Pune, Maharashtra, India on November 10, 1959. He was born in a Sikh Family originally from Jalandhar, Punjab. His father has served in the Indian Army.
He studied in Hyderabad Public School, Hyderabad, did his graduation in BA Economics Honours from St. Stephens College, Delhi and earned his MBA from Indian Institute of Ahmedabad (IIMA).
Ajay Banga Career
He started his career in 1981 with the company Nestle. He worked in different sectors such as sales, marketing, and general management for 13 years. After this, he joined American multinational food, snack, and beverage corporation PepsiCo Inc. Later he served in the payment processing company MasterCard and gradually became its COO, CEO and President and Member of Board of Director of MasterCard.
In addition, he presided over the board of Exor, a Dutch investment firm. In January 2022 he became Vice Chairman at General Atlantic an American growth equity firm which provides capital and strategic support for global growth companies.
On February 23, 2023 President Joe Biden has nominated him to be the President of the Multilateral Financial Institution World Bank. He has more than 30 years of Business Experience. He is the first Indian who has been nominated to be the president of the World Bank by an American President. USA is the largest contributor to the world bank.
Ajay Banga is thought to have a net worth of at least $145 million dollars.
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