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.
