MasterCard’s Ajay Banga to head USIBCApril 16th, 2012 - 10:06 am ICT by IANS
Washington, April 16 (IANS) Ajay Banga, president & CEO of MasterCard Worldwide, has been elected next chairman of the US-India Business Council (USIBC), a trade association made of 350 top American and Indian companies.
Banga, who became the president and CEO of global payments and technology company in July, 2010, takes over from Harold “Terry” McGraw III, president, chairman, and CEO of The McGraw-Hill Companies.
“As a long time supporter and member of USIBC, I have witnessed the Council’s stature and influence rise dramatically as a direct result of the iconic leadership provided by former chairs Chip Kaye, Indra Nooyi, and Terry McGraw,” said Banga.
“It is an exceptional honour to be entrusted with such a legacy and I look forward to building on their successes.”
Banga currently serves on the board of Kraft Foods and is a member of such prestigious groups as the Council on Foreign Relations, the Business Roundtable, and the Foreign Policy Association.
Banga’s “deep business experience in India, as well his global business acumen and leadership, will be enormously helpful as we move forward to realise the full potential of closer US-India relations,” said McGraw.
“By expanding the partnership between our two nations over the next several years, including passage of a bilateral investment treaty, we can move from $100 billion in two-way trade to $500 billion by the end of the decade,” he added.
“MasterCard’s activities in India empowering people via financial inclusion and making available to every segment of Indian society innovative payment solutions are central to the future US-India growth story,” said USIBC President, Ron Somers.
(Arun Kumar can be contacted at firstname.lastname@example.org)
- Anand Mahindra gets global leadership award - Jun 13, 2012
- Be part of India's growth story, US business urged - Jun 24, 2011
- India has a very powerful prime minister: Mukherjee - Apr 22, 2012
- McGraw Hill chief to head India-US trade body - Mar 30, 2010
- US business pleased with Obama's approach to trade with India - Nov 07, 2010
- Corporate America seeks a bold India budget - Mar 14, 2012
- US Ex-Im Bank director joins India-US trade body - Jul 28, 2011
- US-India business conclave to boost commercial ties - Jun 20, 2011
- Krishna to address US high-powered industry meet - May 30, 2010
- No leadership vacuum in India, says Pranab - Apr 23, 2012
- Pune born, Delhi educated Ajay Banga is new CEO of MasterCard - Apr 13, 2010
- US business seeks free high-tech trade with India - Nov 02, 2010
- India needs to make 'tough choices': Ajay Banga - Apr 24, 2012
- US-India trade promotion body launches education initiative - Jun 03, 2010
- Obama embarks on a sales trip to India - Nov 05, 2010
Tags: ajay banga, arun kumar, bilateral investment treaty, business acumen, business council, business experience, business roundtable, council on foreign relations, foreign policy association, global payments, india business, india relations, indra nooyi, kraft foods, long time supporter, mcgraw hill companies, payment solutions, president ron, prestigious groups, usibc