A famous charitable organization has added Ajay Banga, the president of the World Bank, to its annual “Great Immigrants” list of honorees who have improved and bolstered America and its democracy through their efforts and deeds.
Mr. Banga, who took over as World Bank president in June 2023, is the organization’s first-ever Indian American leader. In this year’s list of “Great Immigrants” by the Carnegie Corporation of New York, he is the only honoree from India.
According to a statement released by Carnegie on Wednesday, June 28, 2023, 63-year-old Ajay Banga, who has over 30 years of experience in senior roles, is expected to introduce transformative policies at the World Bank to fight poverty and address climate change, creating opportunity for people all over the world.
Mr.Ajay Banga reflected on how diversity aided in his leadership success during a fireside chat, according to Carnegie: “At the end of the day, if you surround yourself with people who look like you, who walk like you, and talk like you, and grew up in the same places as you did, then you will have a sense of comfort hiring people around you who have that familiarity. Your blind spots will remain the same, though. The same trends will pass you by. You’ll pass up the same chances.
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World Bank President’s Professional Journey:
In his early years, Mr. Banga worked for Nestle India for 13 years before moving on to PepsiCo for two years. He joined Citigroup in 1996 and rose to become CEO of the Asia-Pacific region.
After relocating to the United States, Mr Banga spent 12 years leading Mastercard as president and CEO before being named executive chairman. Under his direction, Mastercard established the Centre for Inclusive Growth, which promotes global financial inclusion and equitable and sustainable economic growth, according to a statement.
Mr. Banga served as vice-chairman of General Atlantic before to being hired by the World Bank. He has served as vice-chair of the Economic Club of New York and is a co-founder of the Cyber Readiness Institute. He received a number of awards, including the Ellis Island Medal of Honour, the Padma Shri Award from the President of India, and the Foreign Policy Association Medal.
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