< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud
44
Jim McGuire
Chief Information Officer
Charles Schwab Corp.
Last year: 47
Part of Jim McGuire’s job as chief information officer of Charles Schwab Corp. and head of Schwab Technology Services is to vet emerging technologies. He describes the task as “a combination of where do we place bets and where do we take a wait-and-see role.” CIO at the San Francisco–based firm since January 2013, McGuire, 59, is currently weighing a number of cloud computing options, intent on selecting two. “There’s not a huge difference in their technical capabilities,” he says of offerings from the likes of Amazon.com and Microsoft Corp. For Schwab, which has 9.2 million active brokerage accounts and manages $2.35 trillion in client assets, the decision hinges on “which we feel more confident with, in both security and within our regulatory environment.” Schwab itself is a cloud provider of sorts, supporting the back offices of 7,000-plus Schwab Advisor Services clients. A smartphone app launched in February allows investment advisers in the network to put their own brand names on mobile connections with their customers. McGuire, who worked at Schwab from 1997 to 2004 and returned in 2009 after a stint at eBay and its PayPal subsidiary, says cybersecurity is a never-ending battle. “Companies like ours are realizing that [100 percent security] is never going to come.”
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