Wells Fargo named Chintan Mehta chief information officer (CIO) and head of digital technology and innovation. The company also named Munish Kumar CIO and head of wealth and investment management technology. Mehta and Kumar will have a joint reporting relationship to Saul Van Beurden, head of technology, and the relevant line of business leaders. Mehta’s appointment is effective immediately and Kumar will join the company in August.
As CIOs, Mehta and Kumar will have responsibility for all technology underlying the company’s corporate strategy, digital platform and innovation, and wealth and investment management businesses.
“Chintan and Munish bring extensive technology and business knowledge, making them both uniquely positioned for these roles,” Van Beurden said. “In addition, their demonstrated leadership will be an important addition to the organization’s ongoing technology transformation. I am pleased to welcome Chintan and Munish to the technology leadership team.”
Most recently, Mehta was CIO of Wells Fargo’s digital ecosystem, a position he had held since 2017. In this role, he was responsible for leading the delivery of all digital experiences and capabilities for Wells Fargo businesses and its 70 million customers. Previously, he was global chief technology officer at Walgreens from 2015 to 2017, where he was responsible for product management, design, engineering and operations across retail, pharmacy and health care businesses. He also held technology leadership positions with increasing levels of responsibility at American Express and Barclays Bank in London.
Kumar has more than 20 years of experience and joined Wells Fargo from JPMorgan Chase, where he was managing director of digital sales, marketing and personalization, and analytics technology, a position he has held since 2015. In this role, he oversaw a team of 400 technologists responsible for creating personalized experiences for customers through technology. From 2008 to 2014, Kumar held a technology leadership role in the company’s asset and wealth management business where he developed and managed the retail and institutional trading platforms, including the institutional allocation platform and Chase online trading. Previously, he held technology leadership roles at Bear Stearns and Citigroup.