Ajay Banga

Ajay Banga, born on November tenth, nineteen fifty-nine, is a distinguished Indian-American business executive currently serving as the president of the World Bank Group since May three, twenty twenty-three. His extensive career includes a notable tenure as the executive chairman of Mastercard, where he held the position of president and chief executive officer from July two thousand ten until December twenty twenty. After retiring from Mastercard in December twenty twenty-one, he took on the role of vice chairman at General Atlantic.

Prior to his nomination to the World Bank, Banga was the chairman of Exor, the holding company of the Agnelli-Elkann family, which manages significant stakes in Stellantis and various industrial and financial enterprises. He also chaired the public-private Partnership for Central America, collaborating closely with U.S. Vice President Kamala Harris to address regional challenges.

In addition to his leadership roles, Banga has been instrumental in fostering U.S.-India relations as the former chairman of the U.S.-India Business Council, representing over three hundred of the largest international companies investing in India. His influence extended to the global stage as chairman of the International Chamber of Commerce, where he advocated for international trade and economic cooperation.