Ex-Mastercard CEO Ajay Banga to join General Atlantic as vice-chairman
Ajay Banga, former chief executive officer (CEO) of Mastercard Inc., is joining General Atlantic as vice-chairman. Banga will advise General Atlantic's top management on the firm's strategy and work with its sector and geographic leaders on investment strategy. One area of focus will be on financial inclusion—providing individuals and businesses with access to useful and affordable financial products. Banga (62) became CEO of Mastercard in 2010 and oversaw a more than 13-fold increase in the company's market capitalization. Earlier, he worked for nearly 13 years at Citigroup Inc., serving in a variety of roles including as the CEO of Asia Pacific region.
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