TLDR: Ping An Insurance (Group) Company of China has appointed AI expert Ray Wang as its Chief Technology Officer and General Manager of Ping An Technology. This strategic move aims to significantly enhance the company’s AI research and development capabilities, integrating self-developed large language models and open-source big data platforms to accelerate a comprehensive digital transformation across its operations.
HONG KONG and SHANGHAI – Ping An Insurance (Group) Company of China, Ltd. (HKEX: 2318; SSE: 601318) has officially announced the appointment of Mr. Ray Wang as its new Chief Technology Officer (CTO) and General Manager of Ping An Technology. This pivotal appointment, effective July 29, 2025, underscores Ping An’s commitment to bolstering its artificial intelligence (AI) research and development (R&D) and application capabilities, propelling its comprehensive digital transformation strategy.
Mr. Wang brings nearly two decades of extensive experience in the “finance + technology” sector, with a proven track record in the digital transformation of financial services and the development and application of financial large models. Prior to joining Ping An, he held senior technical management roles at globally renowned technology and financial companies, including Google, Bloomberg, Baidu, and Ant Group. At Ant Group, he served as Vice President and CTO of Ant Fortune and Ant Insurance, where he spearheaded innovations in digital finance and AI, managing technical and research teams across various segments like wealth management, insurance, consumer finance, MYbank, and Zhima Credit. Notably, he was instrumental in launching pioneering generative AI products such as AI financial assistant and AI financial business assistant. Mr. Wang holds a master’s degree in computer science from the National University of Singapore.
In his new role, Mr. Wang is tasked with driving the deep integration of Ping An’s self-developed large language models and open-source big data platforms. This initiative is expected to accelerate the establishment of five key digital systems: digital business, digital operations, digital management, digital marketing, and digital services. This strategic enhancement is designed to inject robust momentum into Ping An’s technology-enabled “integrated finance + health and senior care” dual-driver strategy, further advancing its digital transformation across all facets of its business.
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Ping An has consistently prioritized customer needs and empowered business scenarios through continuous investment in R&D, building leading technological capabilities. These capabilities have been widely deployed to support its core financial businesses and accelerate the development of its “integrated finance + health and senior care” ecosystem, strengthening internal smart applications and promoting industry-wide digital transformation.
