Source: Me Next Magazine-Rajasthan Patrika (10-Nov-2018)

Ajaypal Singh Banga: An Indian Sikh American business executive

Ajaypal “Ajay” Singh Banga (born 1960) is an Indian Sikh American business executive. He is the current president and chief executive officer of Mastercard. Mastercard announced on April 12, 2010 that Banga, previously Mastercard’s president and chief operating officer, had been named by the Board of Directors to serve as the company’s president and chief executive officer, effective July 1, 2010. The company also announced that Banga would become a member of the Board of Directors, effective immediately.

Banga, 50, succeeded Robert W. Selander, who had been Mastercard’s CEO since March 1997.

In February 2015, President Barack Obama appointed Banga to serve as a Member of the President’s Advisory Committee for Trade Policy and Negotiations.

Presently, he is also the chairman of the U.S.-India Business Council (USIBC) representing more than three hundred of the largest international companies investing in India. 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.

The Government of India awarded him the civilian honour of the Padma Shri in 2016.

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