Ajay Banga's brother is an IIT graduate. however why he did now not take in engineering?
US President Joe Biden has nominated former mastercard CEO Ajay Banga to lead the world bank. Banga, currently vice chairman at non-public equity firm fashionable Atlantic, has more than 30 years of business revel in, having served in diverse roles at mastercard and the boards of the yankee crimson go, Kraft ingredients and Dow Inc. he's the first Indian-born nominee to the.
After graduating from Delhi's St. Stephen's college, Banga accompanied the footsteps of his elder brother to join IIM Ahmedabad. "i was certain I desired to do an MBA, so I said why be a part of a engineering degree earlier than doing that, when i can do a 3-12 months economics degree and still do the MBA? IIM-A was the maximum famous commercial enterprise faculty, and a sales and advertising task in an MNC the best career opportunity at that time," he said in advance.
After passing out from IIM, Ajay Banga commenced his profession at Nestle India, wherein for 13 years he labored on assignments spanning sales, marketing and preferred control. He also spent years with PepsiCo before joining Citigroup, where he rose to the role of leader executive officer of Citigroup Asia Pacific.
Ajay Banga is also one of the illustrious alumni of Hyderabad Public college (HPS) who performed top positions of their respective fields. the former credit card leader govt had his ..
Ajay Banga is also one of the illustrious alumni of Hyderabad Public school (HPS) who completed pinnacle positions in their respective fields. the previous mastercard chief government had his schooling at HPS within the Seventies while his father Harbhajan Singh Banga, an army officer, became posted within the town. Microsoft CEO Satya Nadella, India's former permanent consultant at the United international locations Syed Akbaruddin, Andhra Pradesh chief Minister Y.S. Jagan Mohan Reddy and 9aaf3f374c58e8c9dcdd1ebf10256fa5 cricket commentator Harsha Bhog ..
The gold standard academic group of Hyderabad has additionally churned out effective company honchos like founder and CEO of Fairfax economic conserving Prem Watsa, Adobe structures CEO Shantanu Narayan. Former cricketer Venkatpathy Raju and Telugu actors Akkineni Nagarjuna and Rana Daggubati are most of the other alumni of the faculty that is celebrating its centenary this yr.
Ajay Banga's elder brother MS Banga is a IIT Delhi graduate who additionally exceeded out from IIM Ahmedabad. MS. Banga is senior associate on the non-public equity fund Clayton, Dubilier & Rice. He had a 33-12 months stint at Unilever, in which he served as executive board member and president of global meals, home & personal Care groups. He became additionally chargeable for Unilever’s sustainability schedule.
In nominating Ajay Banga for the arena bank function, US President Joe Biden said: “Ajay is uniquely ready to steer the arena financial institution at this essential second in records," Biden stated in a declaration, including that Banga “has crucial experience mobilizing public-non-public assets to tackle the most urgent demanding situations of our time, which include climate exchange.”
Treasury Secretary Janet Yellen stated in a declaration that Banga's experience “will help him acquire the sector financial institution’s targets of eliminating extreme poverty and expanding shared prosperity while pursuing the modifications had to efficaciously evolve the organization,” which encompass meeting “ambitious desires for climate model and emissions discount.”
Biden's climate envoy, John Kerry, said on Twitter that Banga was “the proper desire."
“He can assist put in region new rules that assist set up the large sums of money vital to reduce global emissions and help developing and inclined countries adapt, build resilience, and mitigate the effect of greenhouse gases," Kerry tweeted.
The financial institution is below pressure to amplify its mandate — an attempt that probably might require the following president to convince donor nations to provide extra money. (With employer Inputs).
