< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud
47
Sebastián Ceria
Chief Executive Officer
Axioma
(PNR)
Financial institutions are well behind the technology curve, according to Sebastián Ceria. “From 2002 to 2007,” he asserts, firms “were so busy making money, they didn’t bring things up to date. Since the crisis hit they’ve been putting out fires. It’s a technology-driven business that hasn’t fully adapted.” As CEO of New York–based Axioma, Ceria aims to help close that gap. Chalk up the punditry to the 49-year-old’s professorial bent. An Argentinean native with a Ph.D. in operations research from Carnegie Mellon University, Ceria began teaching mathematical modeling at Columbia Business School in 1993. He formed Axioma as a consulting company in 1998 in response to businesses’ requests for his expertise. He steered the company toward financial applications. By 2001 it had transformed itself into a software developer, initially for portfolio optimization, then, starting in 2006, for risk management. Today, Axioma has 120 employees globally, and five of the top ten U.S. asset managers use its risk and portfolio construction tools. Ceria’s entrepreneurial instincts and insights have been instrumental in Axioma’s ability to rival bigger and older players, such as MSCI (see Chris Corrado, No. 32). “We were ahead of the market in seeing the need for daily updates and multiple models for multiple views of risk,” Ceria notes. “The market moved in our direction.”
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