MasterCard CEO Ajay Banga appointed as member of US cybersecurity body
Posted on:15 Apr 2016 10:19:34
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15 April 2016 Current Affairs: US President Barack Obama has nominated MasterCard’s Indian-American CEO Ajay Banga as a member of the Commission on Enhancing National Cybersecurity. Mr. Banga is one of the 10 members of the Commission which also includes General Keith Alexander former Director of the top US spying body National Security Agency (NSA). The commission was established in February 2016 to make detailed recommendations to strengthen cybersecurity in both the public and private sectors while protecting privacy, ensuring public safety and economic and national security.
Ajay Banga : Banga is an alumnus of the Indian Institute of Management (IIM), Ahmedabad. He had started his career at Nestle India, working in sales and management roles from 1981 to 1994. He was appointed president and CEO of MasterCard in 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 and most recently serving as CEO of Citigroup Asia Pacific. He had served as director for Marketing and Business Development at PepsiCo Restaurants International India from 1994 to 1996. He also had served as a member of the Advisory Committee for Trade Policy and Negotiations since 2015. He 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. Currently he also serves as Chairman of the Financial Services Roundtable and Co-Chair of the American India Foundation.
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