The 2014 Tech 50: Christopher Perretta
Institutional Investor Research is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

The 2014 Tech 50: Christopher Perretta

2014-07-jeffrey-kutler-tech-50-christopher-perretta-small.jpg

< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud

2014-07-jeffrey-kutler-tech-50-christopher-perretta.jpg

26

Christopher Perretta

Chief Information Officer

State Street Corp.

Last year: 30


State Street Corp. embarked on its Business Operations and Information Technology Transformation program in 2010. Essentially a conversion to cloud computing architecture, such a radical overhaul might have given others pause at that earlier phase of the now-hot IT trend. To executive vice president and CIO Christopher Perretta and the senior managers and board members who signed off on the plan, it was a necessary step toward becoming a digital enterprise. That means “more than just automating things,” says Perretta, a former GE Capital executive who joined State Street in 2007. Now the objectives are more about flexibility and efficiency in managing data, extracting business intelligence and seizing opportunities — not to mention navigating regulatory changes in more than 100 jurisdictions. “The challenge for us is to abstract the capabilities that we need for both internal and external purposes, to leverage those investments across multiple domains,” the 56-year-old adds. “It’s an exciting time because the limitations you used to have you don’t have anymore.” In dollar terms, cloud computing is paying dividends: Boston-based State Street, which has $27.5 trillion of assets under custody and administration, and $2.4 trillion under management, expects cumulative pretax savings from the transformation program to approach $550 million by year-end.


 

The 2014 Tech 50



1

2014-07-jeffrey-kutler-tech-50-thomas-secunda-thumb.jpg
Dave Cross

1

ICE SPRECHER

3

2014-07-jeffrey-kutler-tech-50-catherine-bessant-thumb.jpg
IAN CURCIO 2011

4

2014-07-jeffrey-kutler-tech-50-stephen-neff-thumb.jpg
FayFoto/Boston

5

2014-07-jeffrey-kutler-tech-50-lance-uggla-thumb.jpg
Teri Pengilley

Thomas Secunda

Bloomberg Jeffrey Sprecher

Intercontinental Exchange Catherine Bessant

Bank of America Corp. Stephen Neff

Fidelity Investments Lance Uggla

Markit 6

2014-07-jeffrey-kutler-tech-50-robert-goldstein-thumb.jpg

7

2014-07-jeffrey-kutler-tech-50-david-craig-thumb.jpg

8

2014-07-jeffrey-kutler-tech-50-phupinder-gill-thumb.jpg
Photographer:Charlie Simokaitis

9

2014-07-jeffrey-kutler-tech-50-anna-ewing-thumb.jpg

10

2014-07-jeffrey-kutler-tech-50-martin-chavez-thumb.jpg
Mark McQueen

Robert Goldstein

BlackRock David Craig

Thomson Reuters Phupinder Gill

CME Group Anna Ewing

NASDAQ

OMX Group R. Martin Chavez

Goldman Sachs Group 11

2014-07-jeffrey-kutler-tech-50-deborah-hopkins-thumb.jpg

12

2014-07-jeffrey-kutler-tech-50-dan-mathisson-thumb.jpg

13

2014-07-jeffrey-kutler-tech-50-daniel-coleman-thumb.jpg

14

2014-07-jeffrey-kutler-tech-50-michael-spencer-thumb.jpg

15

2014-07-jeffrey-kutler-tech-50-michael-bodson-thumb.jpg
Christopher Elston

Deborah Hopkins

Citi Ventures Dan Mathisson

Credit Suisse Daniel Coleman

KCG Holdings Michael Spencer

ICAP Michael Bodson

Depository Trust &

Clearing Corp. 16

2014-07-jeffrey-kutler-tech-50-joe-ratterman-thumb.jpg

17

2014-07-jeffrey-kutler-tech-50-dominique-cerutti-thumb.jpg

18

2014-07-jeffrey-kutler-tech-50-ron-levi-thumb.jpg
Todd Plitt

19

2014-07-jeffrey-kutler-tech-50-gaurav-suri-thumb.jpg

20

2014-07-jeffrey-kutler-tech-50-charles-li-thumb.jpg

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

Lou Eccleston
Larry Lettera/ Camera 1

22

2014-07-jeffrey-kutler-tech-50-lee-olesky-thumb.jpg

23

2014-07-jeffrey-kutler-tech-50-richard-mcvey-thumb.jpg

24

2014-07-jeffrey-kutler-tech-50-seth-merrin-thumb.jpg
XT

25

2014-07-jeffrey-kutler-tech-50-antoine-shagoury-thumb.jpg

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

2014-07-jeffrey-kutler-tech-50-christopher-perretta-thumb.jpg
Production

27

2014-07-jeffrey-kutler-tech-50-kevin-rhein-thumb.jpg
Wayne R. Martin

28

2014-07-jeffrey-kutler-tech-50-peter-carr-thumb.jpg

29

Deutsche Bank AG - Hauke Stars
Thorsten Jansen

30

2014-07-jeffrey-kutler-tech-50-robert-alexander-thumb.jpg
Adam B. Auel

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

2014-07-jeffrey-kutler-tech-50-david-gershon-thumb.jpg

32

2014-07-jeffrey-kutler-tech-50-chris-corrado-thumb.jpg

33

2014-07-jeffrey-kutler-tech-50-joseph-squeri-thumb.jpg
Paul Elledge

34

2014-07-jeffrey-kutler-tech-50-tanuja-randery-thumb.jpg

35

2014-07-jeffrey-kutler-tech-50-john-bates-thumb.jpg
Stephen Brashear

David Gershon

SuperDerivatives Chris Corrado

MSCI Joseph Squeri

Citadel Tanuja Randery

BT Global Services John Bates

Software AG 36

2014-07-jeffrey-kutler-tech-50-gary-scholten-thumb.jpg

37

2014-07-jeffrey-kutler-tech-50-dave-gledhill-thumb.jpg

38

2014-07-jeffrey-kutler-tech-50-simon-garland-thumb.jpg

39

2014-07-jeffrey-kutler-tech-50-cris-conde-thumb.jpg
Photo Credit: Kevin Irby

40

2014-07-jeffrey-kutler-tech-50-jeff-parker-thumb.jpg

Gary Scholten

Principal Financial Group David Gledhill

DBS Bank Simon Garland

Kx Systems Cristóbal Conde

FinTech Innovation Lab Jeff Parker

EidoSearch 41

2014-07-jeffrey-kutler-tech-50-lars-seier-christensen-kim-fournais-thumb.jpg

42

2014-07-jeffrey-kutler-tech-50-kenneth-marlin-thumb.jpg
Jeff Smith Photo

43

2014-07-jeffrey-kutler-tech-50-tyler-kim-thumb.jpg

44

2014-07-jeffrey-kutler-tech-50-jim-mcguire-thumb.jpg

45

2014-07-jeffrey-kutler-tech-50-jim-minnick-thumb.jpg

Kim Fournais &
Lars Seier Christensen

Saxo Bank Kenneth Marlin

Marlin & Associates Tyler Kim

MaplesFS Jim McGuire

Charles Schwab Corp. Jim Minnick

eVestment 46

2014-07-jeffrey-kutler-tech-50-steve-ohanlon-thumb.jpg

47

2014-07-jeffrey-kutler-tech-50-sebastian-ceria-thumb.jpg

48

2014-07-jeffrey-kutler-tech-50-yasuki-okai-thumb.jpg
tomohisa ichiki

49

2014-07-jeffrey-kutler-tech-50-niki-beattie-thumb.jpg
David Poultney

50

2014-07-jeffrey-kutler-tech-50-mas-nakachi-thumb.jpg
A.E. Fletcher Photography

Steven O’Hanlon

Numerix Sebastián Ceria

Axioma Yasuki Okai

Nomura Research Institute Niki Beattie

Market Structure Partners Mas Nakachi

OpenGamma

Related

The banks in our annual ranking of the World’s Largest Global Custodians cite new requirements of asset managers as a top business driver.
The firm’s custodied-asset total rose to $28.6 trillion in the 12 months through June.
#11 Gerard Beatty, Global Head of Equities Technology, Goldman Sachs Group
Gift this article