Ping An Promotes Artificial Intelligence Specialist, Ray Wang, to the Position of Chief Technology Officer, Accelerating Broad-Scale Digital Overhaul
Ray Wang, a seasoned AI and fintech expert with nearly 20 years of experience, has been appointed as the Chief Technology Officer (CTO) and General Manager of Ping An Technology. This strategic move is expected to significantly enhance Ping An Insurance's research and development capabilities in artificial intelligence.
Wang's impressive background includes senior leadership roles at tech giants such as Google, Bloomberg, Baidu, and Ant Group. At Ant Group, he launched pioneering generative AI products such as AI financial assistant and AI financial business assistant. His contributions to the digital finance and AI sectors are well-documented, having managed large technical and research teams across various sectors.
As the new CTO and General Manager of Ping An Technology, Wang's role will be pivotal in driving the integration of Ping An’s self-developed large language models and big data platforms. This integration aims to accelerate the establishment of critical digital systems covering digital business, operations, management, marketing, and services.
Ping An Insurance Group, one of the largest financial services companies in the world, has a first-class technology team of over 21,000 technology developers and more than 3,000 scientists. The company's AI-driven strategy aligns with its broader dual strategic focus on “integrated finance + health and senior care.” This strategy aims to power a comprehensive digital transformation of the company with a strong focus on AI and fintech innovation.
As of March 31, 2025, Ping An has cumulatively filed 55,435 patent applications, leading most international financial institutions. As of the end of December 2024, Ping An had more than RMB12 trillion in total assets. The company's website is www.group.pingan.com and it can be followed on LinkedIn under the name PING AN.
In summary, Wang's appointment contributes expert leadership in AI and fintech that is critical for Ping An Insurance to advance its comprehensive, AI-powered digital transformation strategy, boosting both technological innovation and business growth.
Background
- Nearly 20 years in fintech and AI; roles at Google, Bloomberg, Baidu (Chief Architect - Baidu Wallet), Ant Group (VP & CTO)
Education
- Master’s degree in computer science, National University of Singapore
Key Contributions Prior to Ping An
- Led AI-driven financial innovation, generative AI products, development of financial big models and platforms
Role at Ping An
- CTO and General Manager of Ping An Technology; lead R&D and application of AI and big data; drive digital transformation in business and operations
Impact on Ping An's Strategy
- Accelerates digital transformation with AI integration; supports “integrated finance + health and senior care” dual-driver strategy; strengthens establishment of five digital systems
- Ray Wang, as the new CTO and General Manager of Ping An Technology, will leverage his extensive experience in fintech and AI to drive the integration of Ping An's self-developed large language models and big data platforms, bolstering the company's businesses and operations while also accelerating its comprehensive AI-powered digital transformation.
- In line with Ping An's AI-driven strategy and dual strategic focus on "integrated finance + health and senior care," the appointment of AI and fintech expert, Ray Wang, will bolster the company's research and development capabilities, particularly in the areas of digital business, operations, management, marketing, and services, making use of cutting-edge technology like artificial intelligence.
