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

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R. Martin Chavez
Chief Information Officer
Goldman Sachs Group
[PNR]
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![]() Dave Cross
| 1![]() | 3![]() IAN CURCIO 2011
| 4![]() FayFoto/Boston
| 5![]() Teri Pengilley
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Thomas Secunda Bloomberg | Jeffrey Sprecher Intercontinental Exchange | Catherine Bessant Bank of America Corp. | Stephen Neff Fidelity Investments | Lance Uggla Markit |
6![]() | 7![]() | 8![]() Photographer:Charlie Simokaitis
| 9![]() | 10![]() Mark McQueen
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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![]() Christopher Elston
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Deborah Hopkins Citi Ventures | Dan Mathisson Credit Suisse | Daniel Coleman KCG Holdings | Michael Spencer ICAP | Michael Bodson Depository Trust & Clearing Corp. |
16![]() | 17![]() | 18![]() Todd Plitt
| 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![]() Larry Lettera/ Camera 1
| 22![]() | 23![]() | 24![]() XT
| 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![]() Production
| 27![]() Wayne R. Martin
| 28![]() | 29![]() Thorsten Jansen
| 30![]() Adam B. Auel
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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![]() Paul Elledge
| 34![]() | 35![]() Stephen Brashear
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David Gershon SuperDerivatives | Chris Corrado MSCI | Joseph Squeri Citadel | Tanuja Randery BT Global Services | John Bates Software AG |
36![]() | 37![]() | 38![]() | 39![]() Photo Credit: Kevin Irby
| 40![]() |
Gary Scholten Principal Financial Group | David Gledhill DBS Bank | Simon Garland Kx Systems | Cristóbal Conde FinTech Innovation Lab | Jeff Parker EidoSearch |
41![]() | 42![]() Jeff Smith Photo
| 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![]() tomohisa ichiki
| 49![]() David Poultney
| 50![]() A.E. Fletcher Photography
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Steven O’Hanlon Numerix | Sebastián Ceria Axioma | Yasuki Okai Nomura Research Institute | Niki Beattie Market Structure Partners | Mas Nakachi OpenGamma |