9
Raj Mahajan
Global Head,
Equities Electronic Execution Services
Goldman Sachs Group
PNR

A onetime Goldman Sachs commodities analyst, Raj Mahajan returned to the investment banking giant in March 2015 to help lead one of Wall Street’s most influential trading executive teams. That’s by virtue of Goldman’s heritage as a market operations innovator and power broker and Mahajan’s nearly two decades as a technologist and company builder, most recently as CEO of high frequency shop Allston Trading. “The nature of buy-side trading is changing — it’s much more quantitative,” notes Mahajan, 43, Goldman’s global head of equities electronic execution services. “It’s unbundling, where execution and research split.” Guiding strategies relating to market structure and fast-growing products like exchange-traded funds, he explains that long-only asset managers are turning increasingly to automated trading while large hedge funds are kicking quantitative execution into higher gear. Goldman raised its game last fall with the acquisition of what Mahajan terms world-class algorithms from Sweden’s Pantor Engineering. Mahajan’s software standard: “Is it customizable, and can it survive the next shift in technology?” His return to Goldman reunited him with chief information officer R. Martin Chavez; they had served overlapping stints at the firm before co-founding commodities-trading-technology company Kiodex in 2000. SunGard Data Systems bought Kiodex in 2004, and Mahajan stayed on for eight years, rising to president of the global trading business. He holds a master’s degree in public administration from Princeton University and a BA in economics from the University of California, Berkeley.

 

 
2016 Trading Technology 40
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1. Raymond Tierney III
Bloomberg
2. Richard Prager
BlackRock
3. Chris Isaacson
BATS Global Markets
4. Jonathan Ross
KCG Holdings
5. Bradley Peterson
Nasdaq
6. Brad Levy
Markit
7. Dan Keegan
Citi
8. Ronald DePoalo
Fidelity Institutional
9. Raj Mahajan
Goldman Sachs Group
10. Ari Studnitzer
CME Group
11. Mayur Kapani
Intercontinental Exchange
12. Gerald O’Connell
CBOE Holdings
13. Nicholas Themelis
MarketAxess Holdings
14. Gil Mandelzis
EBS BrokerTec (ICAP)
15. Bill Chow and Richard Leung
Hong Kong Exchanges and Clearing
16. Rob Park
IEX Group
17. Philip Weisberg
Thomson Reuters
18. John Mackay (Mack) Gill
MillenniumIT
19. Robert Cornish
International Securities Exchange
20. Paul Hamill
Citadel Securities
21. Eric Noll
Convergex
22. Tyler Moeller and Joshua Walsky
Broadway Technology
23. Rishi Nangalia
REDI Holdings
24. Veronica Augustsson
Cinnober Financial Technology
25. Alasdair Haynes
Aquis Exchange
26. Manoj Narang
Mana Partners
27. Gaurav Suri
Arcesium
28. Robert Sloan
S3 Partners
29. Anton Katz and Stephen Mock
AQR Capital Mgmt
30. Stu Taylor
Algomi
31. D. Keith Ross Jr.
PDQ Enterprises
32. Donal Byrne
Corvil
33. Alfred Eskandar
Portware
34. R. Cromwell Coulson
OTC Markets Group
35. Masayuki Hosaka
Rakuten
36. Peter Maragos and David Karat
Dash Financial
37. Amar Kuchinad
Electronifie
38. Jennifer Nayar
SR Labs
39. Dave Snowdon
Metamako
40. Dan Raju
Tradier