Press Esc to close
Saturday 29 August 2015
News updated at 2:01 AM IST
Weather
Max: 30.1°C
Min : 19.6°C
In Bengaluru
Partially cloudy

Ajay Banga, Chanda Kochhar among Fortune 2012 businesspersons

New York, Nov 20, 2012 (PTI)

MasterCard's India-born CEO Ajay Banga and ICICI Bank chief Chanda Kochhar have been named by Fortune magazine among the '2012 Businesspersons of the Year', an annual ranking of 50 global leaders who are "the best in business".

The list has been topped by Amazon founder and CEO Jeff Bezos with Apple CEO Tim Cook coming in at the second place.

Another Indian giving Banga and Kochhar company in the list of 50 global business leaders is Deepak Narula, founder and managing partner of hedge fund firm Metacapital Management.

Banga, 52 ranks eighth in the list while Kochhar comes in at the 18th position, one notch ahead of billionaire philanthropist Warren Buffet.
Narula ranks 36th.

Fortune said investors have so far been impressed with Banga's performance at the helm of MasterCard.

"Since Banga took the helm two years ago, MasterCard's stock has more than doubled, outperforming archrival Visa," it said, adding that the former Citigroup executive wants MasterCard to be a leader in the mobile payments revolution.

Banga's other big bet includes prepaid cards in emerging markets such as Mexico, South Africa and Brazil, a major reason why MasterCard now generates 60 per cent of its revenues outside the US.

On Kochhar, 51, Fortune said a bullish outlook through the recession helped her direct India's second largest bank, which has assets of USD 93 billion, to a "standout performance".

"Next up for the ICICI lifer: More global clients," the publication added.
On Narula, Fortune said the former Lehman trader's USD 1.5 billion mortgage-focused hedge fund has "left others in the industry in the dust this year, posting 37 per cent returns through October".

"Metacapital has outpaced other funds for years by taking positions with near perfect foresight of policy change and movement in the housing market".


Go to Top

Photo Gallery
Ex-servicemen celebrate Raksha Bandhan even as they continue their...

Ex-servicemen celebrate Raksha Bandhan even as they continue their...

Priest of Kumkum Swaminarayan temple gives final touch to a...

Priest of Kumkum Swaminarayan temple gives final touch to a...

Congress Vice President Rahul Gandhi paying obeisance at Hazratbal Shrine, in Srinagar...

Congress Vice President Rahul Gandhi paying obeisance at Hazratbal Shrine, in Srinagar...

Sand artist Manas Sahoo makes a sand art on the eve of Raksha Bandhan with a message...

Sand artist Manas Sahoo makes a sand art on the eve of Raksha Bandhan with a message...

A woman tying Rakhi to army soldiers on eve of Raksha Bandhan festival in Surat on Friday.

A woman tying Rakhi to army soldiers on eve of Raksha Bandhan festival in Surat on Friday.

Bollywood actor Ranbir Kapoor with fashion designer Manish Malhotra at his show...

Bollywood actor Ranbir Kapoor with fashion designer Manish Malhotra at his show...

Students celebrate Onam festival by making floral rangoli ‘pookalam’ at a public school...

Students celebrate Onam festival by making floral rangoli ‘pookalam’ at a public school...

Devotees watch a procession during Kumbh Mela or the Pitcher Festival in Trimbakeshwar...

Devotees watch a procession during Kumbh Mela or the Pitcher Festival in Trimbakeshwar...

Activists of Left Front affiliated peasants organisation break police barricades...

Activists of Left Front affiliated peasants organisation break police barricades...

Boys stand near the charred vehicles after the incidents of violence following the Patel...

Boys stand near the charred vehicles after the incidents of violence following the Patel...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523