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Aishwarya Sehdev

The Rise of Indians in the Finance Industry


The finance industry is an ever-evolving sector that plays a vital role in the global economy. As times have progressed, Indians have emerged to be recognised as significant contributors to the world of finance. From leadership positions in multinational corporations to groundbreaking business ventures, Indians have made remarkable strides and shattered barriers along the way. Two such Indian trailblazers are Mr. Ajay Banga, former CEO of MasterCard and current president of The World Bank and Mrs. Naina Lal Kidwai, former country head of HSBC in India.


Mr. Ajay Banga is best known for his tenure as the CEO of MasterCard, where he led the company through a period of tremendous growth and transformation. His strategic vision and transformation drove the shift of MasterCard from being a traditional payment card issuer corporation to a technology-driven, digital payment provider. Mr. Banga was one of the first to recognise the potential for digital transformation in the finance industry. Today, he is the president of The World Bank and remains an inspiration for aspiring financial tycoons in India.


Mrs. Naina Lal Kidwai, a graduate of Delhi University and post-graduate of the Harvard Business School is often referred to as the female trailblazer of the finance industry. Mrs. Kidwai was the former country head of HSBC India and the first woman to head a foreign bank in the country. She played a crucial role in expanding HSBC’s operations and further establishing it as one of the most prestigious banks of India. During her tenure as country head, she implemented strategic initiatives to expand HSBC’s product offerings, bringing global best practices to the Indian market. She also largely contributed to the growth and modernisation of banking in the country and focused on strengthening risk assessment modules while ensuring stability and security of financial institutions. Today, Mrs. Kidwai serves as senior advisor and member of the Board of Rothschild & Co in India.


I believe Mr. Ajay Banga and Mrs. Naina Lal Kidwai to be two exceptional individuals who I will look up to for years to come. Their significant contributions to the finance industry have left and continue to leave a lasting impact on future financial institutions. We must not only celebrate their achievements but also thank them for all the blood, sweat, and tears they have instilled in the industry. It’s safe to say that their efforts will not be forgotten.


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