Friday, 30 January 2009

Ajay Singh Banga

Ajay Banga is the Chief Executive Officer of Citi Asia Pacific, a geography spanning markets from Japan to India. In this role, he is responsible for all the company's business lines in the Asian region, including institutional banking, alternative investments, wealth management, consumer banking and credit cards. He is a member of Citi's Senior Leadership and Executive Committees.

From 2005 to 2008, Ajay was the Chairman and Chief Executive Officer of Citi's International Global Consumer Group, which included all credit card and consumer banking operations outside of North America. Before this, he served as the President, Retail Banking North America. At that time, he was responsible for branch banking, commercial banking, commercial real estate, commercial financing and leasing, mortgages, student loans, and the Primerica Financial Services distribution channel. He also had additional responsibility for the operations and technology of all the real estate businesses in the consumer bank.

Ajay joined the Citi group in 1996 and has served as the business head of CitiFinancial and the U.S. Consumer Assets Division from 2000 to 2002. Previously, he worked in London as Division Executive for the Consumer Bank in Central and Eastern Europe, Middle East, Africa, and the Indian subcontinent from 1998 to 2000. Early in his Citibank career, he was based in Brussels, where he was the Head of Sales, Marketing, and Business Development for the Europe, Middle East and Africa region.

Ajay began his business career with Nestle in 1981. He spent the next 13 years in a variety of assignments spanning sales, marketing, and general management. He later joined PepsiCo and was instrumental in the launch of its international fast food franchises in India as the economy liberalised.

Mr. Banga also serves on the Board of Kraft Foods Inc. In addition, he is on the Board of Trustees of the Asia Society and has served as Vice Chairman of the Board of Trustees of the New York Hall of Science and was a Board member of the National Urban League. Ajay graduated with a BA in Economics Honors from Delhi University and is an alumnus of the Indian Institute of Management, Ahmedabad.

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