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

Private equity firm General Atlantic on Wednesday named Ajay Banga , the former president and chief executive officer of Mastercard Inc , as its vice chairman. Banga will assume his responsibilities at General Atlantic, which includes advising on strategic matters, its investment teams and its portfolio, from January 1 next year. Banga, who began his career at Nestle India Ltd and took charge of Mastercard after the 2008-09 financial crisis, handed over the reins as CEO of the payments processor to insider Michael Miebach earlier this year.