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Ex-Mastercard CEO Ajay Banga to join General Atlantic as vice chairman -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: Ajay Banga, President of Mastercard, speaks with attendees at the Department of Homeland Security Cybersecurity Summit, New York City, NY, U.S.A, July 31, 2018. REUTERS/Eduardo Munoz

(Reuters) – Private equity firm General Atlantic has appointed Ajay Banga, former chief executive officer and president of Mastercard Inc (NYSE :), to its Vice Chairman.

Banga will take over his responsibilities as General Atlantic’s Investment Manager and Portfolio Advisor, effective Jan. 1. Next year. (https://refini.tv/3I7QGnX)

Banga began his career as a Nestle India Ltd employee and was promoted to Mastercard manager after the 2008-09 financial crises. In January, Michael Miebach became the new CEO of the payment processor.

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