Ajay Banga is an Indian-American business executive who is currently serving as the 14th President of the World Bank, having assumed office on June 2, 2023.
Prior to his role at the World Bank, Banga served as the CEO of Mastercard from July 2010 until December 2020. He oversaw the company's strategic, technological and cultural transformation. Before becoming CEO, he held various senior management positions at Mastercard, including President and Chief Operating Officer.
Banga has a strong background in financial services, having worked at Citigroup for 13 years in various roles across marketing, sales, and operations.
He is known for his advocacy for financial inclusion and sustainable development. He has served on the boards of several organizations focused on global development and social impact. Banga is a member of the Trilateral Commission. He is a strong advocate of Public-Private Partnerships.
Ajay Banga graduated with a Bachelor of Arts (Honors) degree in Economics from St. Stephen's College, Delhi University, and holds an MBA from the Indian Institute of Management, Ahmedabad.
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