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MajescoMastek Expands Executive Team with Addition of Salvatore V. Abano

Press Release

New York, NY, September 17, 2013 — MajescoMastek, the provider of core insurance systems and services to over 80 Life and P&C insurance carriers in North America, today announced the expansion of its executive team with the addition of Salvatore (Sal) V. Abano. In his new position as MajescoMastek’s Executive Vice President, Chief of Strategy and Client Services, Abano will augment the leadership team to spearhead the company’s growth and exceptional customer service.

Abano brings an impressive record with more than 25 years of success and a wealth of experience in insurance and technology. Prior to joining MajescoMastek, Abano most recently held the position of Senior Vice President and CIO with Tower Group International, Ltd. where he managed a team of 450 technology internal staff/ consulting resources and had responsibility for a $120M technology budget. Abano’s team was responsible for the strategy, initiation, planning, IT due diligence/ integration for mergers and acquisitions, corporate governance, regulatory / DOI / SoX compliance, financial controls / processes, business continuity / disaster recovery, enterprise / business architecture, procurement / vendor management, team building, executive sponsorship, management mentorship, and delivery of software and services (with extensive onshore and offshore utilization) for all business lines within Tower.

In 2012 Abano was named one of Insurance & Technology’s Elite 8, which each year recognizes outstanding senior insurance carrier technology executives. In addition to his Tower Group experience, Abano has also held management and executive information technology positions at QBE the Americas, Kemper Insurance Companies, Munich Re America (formerly American Reinsurance Insurance Company), AT&T Credit, and American International Group.

Abano has a distinguished military service spanning more than 25 years, serving in the United States Marine Corps Reserve and United States Army Reserve Component. His impressive military record includes the role of Field Grade Officer and Chief Technology Officer, Military and Technology Operations, for Operation Iraqi Freedom III. Among his many awards and recognition for his military service, Abano was awarded the Bronze Star.

Commenting on the appointment of Abano, Ketan Mehta, CEO of MajescoMastek said, “We are extremely pleased to announce the addition of Sal to the MajescoMastek executive team. His wealth of skills, experience, know-how, and ability to achieve great results are evident in his professional accomplishment and success, as well as his stellar military record. With the industry turning to MajescoMastek for their large transformation programs, Sal’s hands-on IT leadership experiences and expertise will help our teams serve our customers better. His CIO insights and perspectives for so many years will be leveraged by our services/delivery teams to better understand customer side issues, risks and expectations in complex replacement initiatives. Sal will not only mentor our services leaders but will also take-on various strategic initiatives that will facilitate our growth in coming years. We look forward to Sal’s contribution and leadership as we continue to strengthen and expand our footprint across North American Insurance industry, while providing our clients the best in class products and services”

“MajescoMastek has set itself in a strong market position, with a commitment to deliver the highest quality products and services to the North American insurance market. I am proud to be associated with MajescoMastek and look forward to being a part of this outstanding organization that is charting the course for technology within insurance industry,” said Abano. "I am extremely impressed with the high caliber leadership team that has a deep commitment to absolute customer satisfaction, combined with delivery excellence and best practices. The staff has a great reputation of operating with an amazing sense of core values, which I feel is a key differentiator in doing business with MajescoMastek. The customer experience has proven to be holistic in nature where caring people with exceptional technical skills are driven to execution success."