Mashreq appoints new head for Technology and Transformation

UAE’s leading financial institution, Mashreq has appointed Ellis Wang as its new Senior Executive Vice President, Group Head of Technology, Transformation and Information.

Ellis has more than 25 years of diverse experience working for organizations including McKinsey, ICONIQ Motors, EJY365, Alibaba Group and Google; in both China and the US.

During his tenure at McKinsey & Company as Senior Advisor, he was responsible for providing solution-based consulting services to its’ global customers, specifically in the areas of new retail, new energy vehicles, IoT, smart manufacturing and new internet economy. Prior to McKinsey, he was the CDO at ICONIQ Motors where he was responsible for defining and implementing autonomous driving using 5G+AIoT intelligent services. Ellis was also the CEO at EJY, a company setup as a joint venture with the Chinese government to develop a new B2B2C online market place for state-owned assets and equity exchange.

Commenting on the appointment, Ahmed Abdelaal, CEO, Mashreq Bank, said, “Ellis will work on a strategic vision to deliver enterprise solutions, data and analytics and digital transformation, while future-proofing the organisation and ensuring our IT infrastructure is aligned with our wider strategic objectives. Technology remains integral to our aspirations, but it is best deployed when it can demonstrably enhance customer experience.

“Ellis’ experience makes him ideally placed to help Mashreq maintain its leadership position as the region’s most progressive bank and I look forward to working closely with him on developing our capabilities, ensuring increased value for our shareholders.”

Ellis holds a Master’s degree in Computer Science and Information Engineering from National Cheng Kung University in Taiwan.

Ellis added “Mashreq is rightly recognized for a legacy of leadership that has embraced innovation. Consequently, I look forward to working with a dynamic team at Mashreq, especially at a time when digital transformation is the top priority for institutions across the region. The next few years are expected to redefine the region’s banking landscape and Mashreq is clearly leading this charge.”