Queen Máxima of the Netherlands has been appointed as the Chair of the International Advisory Board (IAB) of the Global Finance & Technology Network (GFTN), a Singapore-based non-profit organization focused on enhancing financial systems through global collaboration. Joining her on the board are Agustín Carstens, former General Manager of the Bank for International Settlements, and Sanjiv Bajaj, Chairman of Bajaj Finserv.
Her Majesty Queen Máxima, also known as the UNSGSA, has a long-standing commitment to advocating for accessible and resilient financial systems globally. Her tenure as the UNSGSA for financial inclusion from 2009 to 2024 was marked by efforts to improve financial access for underserved populations, including women, smallholder farmers, and SMEs. With nearly 80% of adults now having access to payment accounts, Queen Máxima’s focus has shifted towards ensuring financial products and services prioritize individuals’ financial well-being through effective financial management and risk protection.
Agustín Carstens, a prominent economist and central banker, brings a wealth of experience to the GFTN IAB. His leadership roles in Mexico’s finance sector and at international institutions like the International Monetary Fund and the Bank for International Settlements have been instrumental in promoting financial stability and innovation. Notably, Carstens spearheaded initiatives to modernize central banking practices and enhance global financial system resilience.
Sanjiv Bajaj, a key figure in India’s financial landscape, has steered Bajaj Finserv towards becoming a diversified and innovative financial services group. Emphasizing a digital-first approach, Bajaj has transformed how millions of Indians access financial products. His advocacy for consumer-centric solutions has been pivotal in driving financial inclusion and innovation within the Indian market.
The addition of Queen Máxima, Agustín Carstens, and Sanjiv Bajaj to the GFTN IAB signifies a strategic move towards fostering a more inclusive and efficient financial ecosystem globally. Ravi Menon, Chairman of the Board of Directors at GFTN, lauded the new members for their visionary leadership and dedication to advancing financial innovation and inclusion.
Queen Máxima’s continued efforts to shape policies that empower individuals and communities economically, coupled with Carstens’ expertise in global finance and Bajaj’s innovative approach to financial services, position the GFTN IAB to drive meaningful change in the realm of financial technology and inclusion.
The appointment of these distinguished leaders underscores GFTN’s commitment to leveraging technology and collaboration to build more resilient and purposeful financial systems worldwide. As the organization embarks on this new chapter with Queen Máxima at the helm, the stage is set for impactful initiatives that could shape the future of global finance and technology.
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