New York, Sep. 01, 2005
NRI press
NRI, (non-resident Indian) Ajay Banga is an Executive Vice
President of the Global Consumer Group and President of the
Retail Banking North America organization. In this role, he
is responsible for branch banking, commercial banking, commercial
real estate, commercial financing and leasing, mortgages,
student loans and the Primerica Financial Services distribution
channel. He has additional responsibility for servicing
and technology for all the real estate businesses in the consumer
bank. Mr. Banga is a member of Citigroup’s Management
Committee and the Global Consumer Group’s Planning Committee.
Prior to assuming his current responsibilities, Mr. Banga,
who joined Citigroup in 1996, was business head for CitiFinancial
and the U.S. Consumer Assets Division. He was previously Division
Executive for the Consumer Bank in Central/Eastern Europe,
Middle East, Africa and the Indian subcontinent, based in
London. Mr. Banga also served as the Head of Sales, Marketing
and Business Development for the Europe, Middle East and Africa
Region, based in Brussels.
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 KFC in India.
Mr. Banga is a member of the Financial Services Roundtable
(F.S.R., an industry organization) as well as a Board Member
of the New York Hall of Science, the National Council on Economic
Education and The Enterprise Foundation. He is an alumnus
of the Indian Institute of Management in Ahmedabad, India.
He attended St Stephens College in Delhi to obtain a bachelor's
degree in economics, and then went to Ahmedabad for an MBA.
His brother is the former chairman of Hindustan Lever (and
currently non-executive chairman with additional responsibility
as business group president of Unilever's $6 billion home
and personal care business in Asia) and you are the vice-president
of Citibank.
He was born at Khadki, near Pune at place where his father
was in the army and he used to live there. He have to travel
and live difeerent cities because hie father used to get transfered
every two three years.
