Indian-American Ajay Banga, the former CEO of Mastercard, was on Thursday nominated by US President Joe Biden to lead the World Bank.
In a statement, Biden said the business leader is uniquely equipped to lead the global institution at “this critical moment in history”. “He has spent more than three decades building and managing successful, global companies that create jobs and bring investment to developing economies, and guiding organisations through periods of fundamental change,” the US President said.
The World Bank’s current president David Malpass resigned last week.
Here’s all you need to know about 63-year-old Ajay Banga:
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