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Rediff.com  » Business » Obama appoints MasterCard CEO Ajay Banga to key administration post

Obama appoints MasterCard CEO Ajay Banga to key administration post

April 14, 2016 14:51 IST

Ajay Banga is one of the nine members of the Commission on Enhancing National Cyber Security.

President Barack Obama on Thursday appointed Indian American Ajay Banga, CEO of MasterCard, as a member of the Commission on Enhancing National Cyber Security, a key administration post tasked with working towards Internet safety.

Banga is one of the nine members of the Commission on Enhancing National Cyber Security appointed by Obama, a White House announcement said.

"I have charged the Commission on Enhancing National cyber security with the critically-important task of identifying the steps that our nation must take to ensure our cyber security in an increasingly digital world," Obama said.

"These dedicated individuals bring a wealth of experience and talent to this important role, and I look forward to receiving the Commission's recommendations," he said.

Banga, in his mid-fifties, has been president and CEO of MasterCard since 2010. He joined MasterCard in 2009 as President and COO.

Prior to joining MasterCard, he held various senior management roles with Citigroup from 1996 to 2009, most recently serving as CEO of Citigroup Asia Pacific.

He was director for marketing and business development at PepsiCo Restaurants International India from 1994 to 1996 and began his career at Nestle India, working in sales and management roles from 1981 to 1994.

Banga has served as a member of the Advisory Committee for Trade Policy and Negotiations since 2015.

An alumnus of the Indian Institute of Management, Ahmedabad, he is also a member of the Board of Directors of the Dow Chemical Company, the Board of Governors of the American Red Cross, the Council of Foreign Relations, and serves as chairman of the Financial Services Roundtable and co-chair of the American India Foundation. 

Lalit K Jha in Washington
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