Ajay Banga appointed to key US administration post

US President Barack Obama has announced the appointment of MasterCard President and CEO Ajay Banga, as a member of the Advisory Committee for Trade Policy and Negotiations. Banga, an MBA from IIM-Ahmedabad is also chairman of the US India Business Council. Prior to joining MasterCard he held various senior management positions with Citigroup, including CEO of Citigroup Asia Pacific. He also served as director for marketing and business development at PepsiCo Restaurants International India. He began his career at Nestle India. Banga is a member of the board of directors of MasterCard and The Dow Chemical Company. Confirming his selection along with other appointments to administration posts, President Obama said the talent and expertise of the chosen individuals will serve the nation well and he is grateful for their service and looks forward to working with them.