mastercard inc-class a (MA:New York)

Executive Profile*

Background*

Mr. Ajaypal S. Banga, Ajay has been the Chief Executive Officer and President of Mastercard Incorporated since July 1, 2010 and August 31, 2009 respectively. Mr. Banga served as the Chief Operating Officer of Mastercard Incorporated from August 31, 2009 to July 1, 2010. Mr. Banga served as the Chief Operating Officer at MasterCard Worldwide, Inc. from August 31, 2009 to July 1, 2010. Mr. Banga served as the Chief Executive Officer of Asia Pacific Region at Citibank Singapore ... Limited, a subsidiary of Citigroup Inc. He served as the Chairman of the Board and Chief Executive Officer of Global Consumer Group, International at Citigroup Finance Canada Inc. from August 2005 to 2008. Mr. Banga spent 13 years at Citibank, where he served as Chief Executive Officer of Citi Asia Pacific and was responsible for all its business lines in the region, including institutional banking, alternative investments, wealth management, consumer banking and credit cards. Mr. Banga served as the Chief Executive Officer of Asia Pacific Region at Citigroup Inc. until June 2009 and Head of Alternative Investments for Asia Pacific Region since August 2008. His responsibilities included all credit card, retail banking, and consumer finance operations in Asia, Japan, Europe/Middle East/Africa, Latin America and Mexico at Citigroup. He also served as the Head of International Consumer Business, New York of Citigroup until August 2008. Mr. Banga served as an Executive Vice President of Global Consumer Group at Citigroup and President of Retail Banking North America since 2002. Since 2002, he had additional responsibility for the servicing and technology of all the real estate businesses in the consumer bank. He was responsible for branch and commercial banking, commercial real estate, commercial financing and leasing, mortgages, student loans, and the Primerica Financial Services distribution channel. Mr. Banga served as the Business Head for CitiFinancial and the US Consumer Assets Division from 2000 to 2002 and as Division Executive for consumer bank in Central/Eastern Europe, Middle East, Africa and India from 1998 to 2000. Mr. Banga began his business career as a Management Trainee with Nestle in 1981. He spent the next 13 years in a variety of assignments spanning sales, marketing and general management. He later joined PepsiCo's Restaurants Division, where he was instrumental in the launch of Pizza Hut and KFC in India. He joined CitiFinancial in 1996 as Head of Marketing and Sales in India, and as Head of its Sales, Marketing and Business Development for Europe, Middle East and Africa, based in Brussels. He served as the Chairman and Chief Executive Officer of Foreign Consumer Business of Citigroup Inc. He was Business Sponsor of Citi's African heritage network, NYC. From 2005 to mid-2009, he spearheaded Citi's strategy in the microfinance sector around the world. Mr. Banga served as Vice Chairman of the New York Hall of Science. He has been a Director of Mastercard Incorporated since April 12, 2010 and The Dow Chemical Company since February 19, 2013. He serves as a Director at Mondex and MasterCard Worldwide, Inc. He serves as a Trustee of the National Urban League, Enterprise Community Partners and the Asia Society. He serves as a Director of Mondex International Ltd. He served as a Director of Mondelez International, Inc. from January 2007 to May 23, 2012. He served as a Director for the Council for Economic Education. He served as a Director of Foreign Consumer Business of Citigroup Inc. He served as a Director of Kraft Foods Inc. and Kraft Food Ingredients Corp. from January 2007 to May 23, 2012. He is a Member of the Council on Foreign Relations and The Economic Club of New York. He is a Member of the Financial Services Roundtable. He has a keen interest in social development issues. Mr. Banga named by The Economic Times of India as the fourth "Most Powerful Indian" in the world. He graduated with a BA in Economics Honors from Delhi University and is an alumnus of the Indian Institute of Management in Ahmedabad, India.

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