New Delhi: Indian-American and former Mastercard chairman Ajaypal Singh Banga have been nominated by US President Joe Biden for the presidency of the World Financial institution.
He’ll exchange David Malpass, a former Trump treasury official, reported axios.com.
Ajay Banga can be a transformative World Financial institution President. I’ve seen firsthand the good perception, power, and persistence he brings to handle world challenges and promote financial alternative – and I stay up for persevering with to work collectively.
Learn my full assertion. pic.twitter.com/0hnxjddtu3
— Vice President Kamala Harris (@VP) February 23, 2023
David Malpass has introduced that he’ll resign by July, months forward of his time period expired.
Who’s Ajaypal Singh Banga?
Ajaypal Singh Banga is an Indian-American who was born on November 10, 1959, in Pune India. He’s 63 years previous.
His father was an Indian Military Officer and he was raised in Pune.
He has accomplished his commencement with B.A in Economics with honors from St. Stephen’s Faculty, Delhi College.
Banga acquired his MBA diploma from the Indian Institute of Administration, Ahmedabad.
Ajaypal labored in varied posts at Nestle and later shifted to the USA of America the place he joined Citigroup.
In 1996 Ajaypal Singh Banga joined Citigroup, the place he served because the CEO of Citigroup’s Asia-Pacific Area.
In August 2009, he joined MasterCard as president and chief working officer.
On December 31, 202, he retired from Mastercard.
In 2007, Banga turned a US citizen.
In 2012, he was awarded the International Coverage Affiliation Medal.
In 2016, he was awarded the Padma Shri.
In 2019, Banga was awarded the Ellis Island Medal of Honour and the Enterprise Council for Worldwide Understanding’s International Management Award.
In 2021, he was awarded the Distinguished Associates of Singapore Public Service Star.