Ajaypal Singh "Ajay" Banga (born November 10, 1959[1]) is an Indian-born American business executive.

He later joined PepsiCo and was involved in the launch of its international fast food franchises, including Pizza Hut and KFC,[18] in India as the economy liberalized.

[5] In 2008, Banga became chief executive of the bank's Asia-Pacific business, and splitting time between New York and Hong Kong.

[27] In this capacity, he led a major reorganization of Citigroup's Asian operations in 2008 that gave regional heads increased authority across the bank's product lines.

[28] Banga received about $10 million in compensation in 2008 from Citigroup, making him one of the firm's highest paid executives that year.

[18] In 2020, he announced the creation of the Priceless Planet Coalition,[29] a group of about 100 firms that make corporate investments to preserve the environment and launched Mastercard's pledge to plant 100 million trees.

[6] On May 24, 2022, he was nominated non-executive chairman of Exor, the diversified holding company controlled by the Agnelli family, replacing John Elkann (who remained as CEO).

[3] Banga was the keynote speaker at the NYU Stern 2014 Graduate Convocation on May 22, 2014, where he spoke about the importance of diversity in driving innovation and leadership.

He also appeared on the Mad Money show hosted by Jim Cramer on Thursday, November 6, 2014[46] In 2023, Banga was named by Carnegie Corporation of New York as an honoree of the Great Immigrants Awards.