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Biden Nominates Wall Street Veteran Ajay Banga as World Bank President

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Biden Nominates Wall Street Veteran Ajay Banga as World Bank President
Ajay Banga, former president and CEO of MasterCard, speaks during a press conference at the National Press Club in Washington, on Dec. 17, 2018. Win McNamee/Getty Images
Emel Akan
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President Joe Biden announced on Thursday that the United States has nominated Ajay Banga, the former CEO of Mastercard, to serve as president of the World Bank. The nomination came just a week after current president David Malpass, a Trump nominee, announced his intention to resign early.

Banga is a Wall Street veteran who was born and raised in India as a Sikh. He is currently the vice chairman of the private equity firm General Atlantic. From 2010 to 2020, he was the president and CEO of Mastercard.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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