AIF Announces Changes in its Board of Directors


January 18, 2019, New York: The American India Foundation (AIF) announced three changes to its Board of Directors: the appointment of Harit Talwar, Head of Consumer, Goldman Sachs, as Board Co-Chair, the appointment of Raj Seshadri, President, U.S. Issuers, Mastercard, as Board Director, and the appointment of Ajay Banga, President and Chief Executive Officer, Mastercard, as Chairman Emeritus.

Nishant Pandey, AIF CEO, commented: “We are thrilled to welcome Harit Talwar and Raj Seshadri in their new roles at AIF. Their leadership and experience will strengthen AIF’s mission of catalyzing social and economic change in India. We are extremely fortunate to have them by our side, and look forward to what we will build together in years to come.”

Harit Talwar has served on AIF’s Board of Directors since 2012 and became AIF’s Vice Chair in 2017. He is head of Goldman Sachs’ digital consumer financial services business, including the Marcus by Goldman Sachs and Clarity Money platforms. Prior to joining Goldman Sachs in 2015 as partner, Harit was president of US Cards for Discover Financial Services as well as chief marketing officer and a member of Discover’s Executive Committee, where he played a key role in driving overall strategy.

Raj Seshadri is president of U.S. Issuers, North America for Mastercard. In this role, she is responsible for managing and expanding our partnerships and business with banks and credit unions across the U.S. Prior to joining Mastercard in 2016, Raj was a managing director at BlackRock as leader of the iShares U.S. retail ETF business. She is a member of the management board for the Stanford Graduate School of Business, a member of the board of trustees of Mount Holyoke College and serves on the advisory board of SAYA!.

Ajay Banga, President and Chief Executive Officer, Mastercard, has completed his term as Co-Chair and will now serve as Chairman Emeritus, AIF.

Lata Krishnan, Co-Chair of AIF Board of Directors said, “AIF is incredibly grateful for the dedicated service and leadership of Ajay Banga. His experience, expertise and commitment has had an enormous impact on our mission in working with underprivileged communities across India and strengthening the bridge between our two democracies. It has been a privilege to work with him and we look forward to working with him in his new capacity as Chairman Emeritus.”

The American India Foundation is committed to catalyzing social and economic change in India, and building a lasting bridge between the United States and India through high-impact interventions in education, livelihoods, public health, and leadership development. Working closely with local communities, AIF partners with NGOs to develop and test innovative solutions and with governments to create and scale sustainable impact. Founded in 2001 at the initiative of President Bill Clinton following a suggestion from Indian Prime Minister Vajpayee, AIF has impacted the lives of 4.6 million of India’s poor. Learn more at

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