NEW YORK (TIP): Indian American president and chief executive officer of MasterCard Ajay Banga has been named the chairman of the board of directors for 2016 by the Financial Services Roundtable.

The Financial Services Roundtable (FSR) announced its 2016 Officers and Board of Directors FSR, in a Jan. 6 statement.

“Ajay Banga is a highly respected financial services leader and we’ll benefit tremendously from his vision and experience as he serves as FSR’s 2016 chair,” FSR president and CEO Tim Pawlenty said in a statement.

Amer Sajed, Barclaycard Also a member of President Barack Obama‘s advisory committee for trade policy and negotiations, Banga was previously director of Kraft Foods and has served on the board of trustees at the Asia Society, New York Hall of Science and National Urban League. Prior to MasterCard, Mr. Banga was chief executive officer of Citigroup Asia Pacific.

FSR’s 2016 Chairman-Elect is Brian T. Moynihan, chairman and CEO of Bank of America Corporation.

William H. Rogers, Jr., chairman and CEO of SunTrust Banks, Inc., will serve as chairman of BITS, FSR’s cybersecurity and technology policy division through 2017.

Kessel Stelling, chairman and CEO of Synovus, will continue as FSR’s 2016 Treasurer.

The following will also join the FSR Board as Directors:

Christopher B. Begy, BMO Financial Corp., Executive Committee Member
John P. Barnes, People’s United Bank
William Emerson, Quicken Loans
David I. McKay, Royal Bank of Canada
Richard McKenney, Unum
Robert L. Reynolds, Putnam Investments

A graduate of Delhi University and the Indian Institute of Management in Ahmedabad, Banga began his career at Nestlé India in a variety of roles. He also spent time at PepsiCo, helping launch fast food franchises in India.