< 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


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Dave Cross
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IAN CURCIO 2011
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FayFoto/Boston
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Teri Pengilley
Thomas Secunda
Bloomberg
Jeffrey Sprecher
Intercontinental Exchange
Catherine Bessant
Bank of America Corp.
Stephen Neff
Fidelity Investments
Lance Uggla
Markit
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Photographer:Charlie Simokaitis
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Mark McQueen
Robert Goldstein
BlackRock
David Craig
Thomson Reuters
Phupinder Gill
CME Group
Anna Ewing
NASDAQ
OMX Group
R. Martin Chavez
Goldman Sachs Group
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Christopher Elston
Deborah Hopkins
Citi Ventures
Dan Mathisson
Credit Suisse
Daniel Coleman
KCG Holdings
Michael Spencer
ICAP
Michael Bodson
Depository Trust &
Clearing Corp.
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Todd Plitt
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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
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Larry Lettera/ Camera 1
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XT
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Lou Eccleston
S&P Capital IQ
Lee Olesky
Tradeweb Markets
Richard McVey
MarketAxess Holdings
Seth Merrin
Liquidnet Holdings
Antoine
Shagoury

London Stock
Exchange Group
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Production
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Wayne R. Martin
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Thorsten Jansen
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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.
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Paul Elledge
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Stephen Brashear
David Gershon
SuperDerivatives
Chris Corrado
MSCI
Joseph Squeri
Citadel
Tanuja Randery
BT Global Services
John Bates
Software AG
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Photo Credit: Kevin Irby
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Gary Scholten
Principal Financial Group
David Gledhill
DBS Bank
Simon Garland
Kx Systems
Cristóbal Conde
FinTech Innovation Lab
Jeff Parker
EidoSearch
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Jeff Smith Photo
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Kim Fournais &
Lars Seier Christensen

Saxo Bank
Kenneth Marlin
Marlin & Associates
Tyler Kim
MaplesFS
Jim McGuire
Charles Schwab Corp.
Jim Minnick
eVestment
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tomohisa ichiki
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David Poultney
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A.E. Fletcher Photography
Steven O’Hanlon
Numerix
Sebastián Ceria
Axioma
Yasuki Okai
Nomura Research Institute
Niki Beattie
Market Structure Partners
Mas Nakachi
OpenGamma