< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud
10
R. Martin Chavez
Chief Information Officer
Goldman Sachs Group
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When Goldman Sachs Group’s CIO baton passed last September from the retiring Steven Scopellite (No. 6 in 2013) to R. Martin Chavez, the job got bigger. In addition to 8,000 technology division engineers, Chavez took on 2,000 others inside such revenue-producing divisions as securities, investment banking and asset management. The result, says the 50-year-old, is “a single leadership and accountability point,” with the division heads sharing tech oversight. With a BS in biochemistry and a master’s in computer science from Harvard University and a Ph.D. in medical information sciences from Stanford University, Chavez has bounced between Wall Street and the start-up world. He co-founded Quorum Software Systems in San Francisco, serving as CTO from 1989 to ’93, then worked as a senior energy strategist at Goldman for four years and as global head of energy derivatives at Credit Suisse Financial Products for three. Next he was CEO of Kiodex, a New York risk management systems firm that SunGard Data Systems bought in 2004. He returned to Goldman in 2005 and was co-COO of equities before becoming CIO. Thanks to the concurrent trends of open-source development and cloud computing, Chavez says, “we can do something we couldn’t do before — extend our platform out to clients.” When weighing software options, “we now have a preference for download, build, buy,” in that order. Much of the software required for the new regulatory environment does not exist, he says, and will have to be built.
The 2014 Tech 50
1
1
3
4
5
Thomas Secunda
Bloomberg Jeffrey Sprecher
Intercontinental Exchange Catherine Bessant
Bank of America Corp. Stephen Neff
Fidelity Investments Lance Uggla
Markit 6
7
8
9
10
Robert Goldstein
BlackRock David Craig
Thomson Reuters Phupinder Gill
CME Group Anna Ewing
NASDAQ
OMX Group R. Martin Chavez
Goldman Sachs Group 11
12
13
14
15
Deborah Hopkins
Citi Ventures Dan Mathisson
Credit Suisse Daniel Coleman
KCG Holdings Michael Spencer
ICAP Michael Bodson
Depository Trust &
Clearing Corp. 16
17
18
19
20
Joe Ratterman
BATS Global Markets Dominique Cerutti
Euronext Ron Levi
GFI Group Gaurav Suri
D.E. Shaw Group Charles Li
Hong Kong
Exchanges and
Clearing 21
22
23
24
25
Lou Eccleston
S&P Capital IQ Lee Olesky
Tradeweb Markets Richard McVey
MarketAxess Holdings Seth Merrin
Liquidnet Holdings Antoine
Shagoury
London Stock
Exchange Group 26
27
28
29
30
Christopher
Perretta
State Street Corp. Kevin Rhein
Wells Fargo & Co. Peter Carr
Morgan Stanley Hauke Stars
Deutsche Börse Robert Alexander
Capital One
Financial Corp. 31
32
33
34
35
David Gershon
SuperDerivatives Chris Corrado
MSCI Joseph Squeri
Citadel Tanuja Randery
BT Global Services John Bates
Software AG 36
37
38
39
40
Gary Scholten
Principal Financial Group David Gledhill
DBS Bank Simon Garland
Kx Systems Cristóbal Conde
FinTech Innovation Lab Jeff Parker
EidoSearch 41
42
43
44
45
Kim Fournais &
Lars Seier Christensen
Saxo Bank Kenneth Marlin
Marlin & Associates Tyler Kim
MaplesFS Jim McGuire
Charles Schwab Corp. Jim Minnick
eVestment 46
47
48
49
50
Steven O’Hanlon
Numerix Sebastián Ceria
Axioma Yasuki Okai
Nomura Research Institute Niki Beattie
Market Structure Partners Mas Nakachi
OpenGamma