PersonReviewed 2026-10-23

Ajay Banga

Ajay Banga began a five-year term as World Bank Group President on June 2, 2023.

PROFILE / FACT FILE

Personal and professional profile

Name: Ajay Banga [1]
Birth date: 1959-11-10 [2]
Birthplace: Khadki [2]
Education: Indian Institute of Management Ahmedabad [2]
Professional field: Development finance [1]
Fields / occupation: entrepreneur; businessperson [2]

Research, education and career background

Ajaypal Singh "Ajay" Banga (born November 10, 1959) is an Indian-born American business executive, who is the president of the World Bank Group since 2023. He was the executive chairman of Mastercard, after having previously been president and chief executive officer (CEO) of the company from July 2010 until December 2020. He retired from this position in December 2021, and joined General Atlantic as its vice chairman. [3]

Before being nominated to the World Bank, he was the chairman of Exor, the Agnelli-Elkann family holding company that controls its stakes in Stellantis and other industrial and financial businesses, and chairman of the public-private Partnership for Central America with U.S. vice president Kamala Harris. [3]

Banga is the former chairman of the U.S.-India Business Council (USIBC) representing more than 300 of the largest international companies investing in India, and chairman of the International Chamber of Commerce. [3]

Banga was elected President of the World Bank on 3 May 2023, having been nominated to the position in February 2023 by the Biden administration. [3]

Selected introductory text by Wikipedia contributors — Ajay Banga, under CC BY-SA 4.0. Official facts are cited separately.

Professional role and career

His official biography describes a career in international business before his appointment to the World Bank Group. [1]

Source-supported connections

Ajay Banga → Presidency began 2023 → World Bank Group [1]

Frequently asked questions

When did Ajay Banga begin his World Bank Group presidency?

Ajay Banga began his five-year term on June 2, 2023. [1]

RELATION MAP

Ajay Banga connection map

Ajay Banga

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Sources and review dates

Reviewed 23 October 2026. Historical dates and award-time affiliations retain their original context. A review date is not an event date. Background sources are identified separately from official records.

Content preparation: source-based compilation with AI assistance. See methods and attribution. Named sources identify the underlying records; no individual expert review is claimed.