SIKH HERITAGE AWARDS GALA 2008: AWARD WINNERS
LEADERSHIP: AJAY BANGA, Chief Executive Officer – Citi Asia Pacific
Ajay Banga is Chief Executive Officer of Citi Asia Pacific, the organization's fast-growing region, where its businesses include consumer banking, credit cards, institutional banking, and wealth management in Australia and New Zealand, China, India, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand, and Vietnam. He is a member of Citi's Senior Leadership and Executive Committees.
From 2005 to 2008, Mr. Banga served as Chairman and Chief Executive Officer of Citi's International Global Consumer Group businesses, for which his responsibilities included all credit card, retail banking, and consumer finance operations in Asia, Europe, Middle East, Africa, Latin America, and Mexico.
Previously, he served as an Executive Vice President of the Global Consumer Group and President of 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. Appointed in 2002, he had additional responsibility for the servicing and technology of all the real estate businesses in the consumer bank.
Mr. Banga, who joined Citi in 1996, served as 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.
Mr. Banga began his business career as a management trainee 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 in its Restaurants Division and was instrumental in the launch of Pizza Hut and Kentucky Fried Chicken in India.
Mr. Banga serves on the Boards of Kraft Foods Inc., Citibank N.A., and Banamex. In addition, he is on the Board of Trustees of the National Urban League and the Asia Society, serves as Vice Chairman of the Board of Trustees of the New York Hall of Science and is a member of the Financial Services Roundtable, an industry organization. He is also a Patron of the Sikh Art and Film Foundation.
Mr. Banga is an alumnus of the Indian Institute of Management in Ahmedabad, India.