The 2015 Tech 50: Jim McGuire

The Charles Schwab chief information officer jumps to No. 41 on this year’s Tech 50 ranking.

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< The 2015 Tech 50: Racers to the Edge

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41
Jim McGuire
Chief Information Officer
Charles Schwab Corp.
Last year: 44

Even the most jaded of commuters passing through New York’s Grand Central Terminal this spring couldn’t have missed the large robot, suspended in a glass box, pouring cups of coffee. It was a three-dimensional advertisement for Schwab Intelligent Portfolios, brokerage firm Charles Schwab’s robo-adviser. “The story was that if you have time for a cup of coffee, you have time to develop an investment plan,” says Jim McGuire, Charles Schwab Corp.’s 60-year-old chief information officer. Within two and a half months of its March 8 launch, the automated, customized program had opened more than 32,000 accounts holding more than $2 billion in customer assets. And it isn’t just robotic; human representatives are available when hands-on assistance is called for. A white-label version was launched in the second quarter, enabling members of the Schwab Advisor Services network to offer Intelligent Portfolios under their own brand names. Schwab is also seeing rapid growth in its compliance offerings to corporate clients coping with the ever-changing regulatory landscape. Companies using Schwab Compliance Solutions increased 62 percent over the past two years, to 2,185, while assets monitored rose 58 percent, to $60 billion. McGuire, who worked at Schwab from 1997 to 2004 and spent more than four years with eBay and its PayPal unit before returning to the San Francisco–based brokerage in 2009, says mobility is a strategic priority — Schwab has launched an Apple Watch application — and “You can’t say enough about data. There’s so much we can do with the data our clients entrust us with to serve them better.”

See the full story, “The 2015 Tech 50: Racers to the Edge.”


The 2015 Tech 50

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1. Jeffrey Sprecher
Intercontinental Exchange

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2. Catherine Bessant
Bank of America Corp.

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3. Phupinder Gill
CME Group

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4. Lance Uggla
Markit

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5. Robert Goldstein
BlackRock

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6. Shawn Edwards &
Vlad Kliatchko
Bloomberg

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7. R. Martin Chavez
Goldman Sachs Group

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8. Deborah Hopkins
Citi Ventures

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9. Stephen Neff
Fidelity Investments

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10. Adena Friedman
Nasdaq OMX Group

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11. David Craig
Thomson Reuters

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12. Daniel Coleman
KCG Holdings

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13. Michael Spencer
ICAP

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14. Michael Bodson
Depository Trust & Clearing Corp.

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15. Charles Li
Hong Kong Exchanges and Clearing

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16. Chris Concannon
BATS Global Markets

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17. Christopher Perretta
State Street Corp.

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18. Antoine Shagoury
London Stock Exchange Group

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19. Kevin Rhein
Wells Fargo & Co.

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20. Neil Katz
D.E. Shaw & Co.

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21. Lee Olesky
Tradeweb Markets

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22. Richard McVey
MarketAxess Holdings

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23. Seth Merrin
Liquidnet Holdings

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24. Robert Alexander
Capital One Financial Corp.

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25. Frank Bisignano
First Data Corp.

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26. John Marcante
Vanguard Group

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27. Joseph Squeri
Citadel

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28. Lou Eccleston
TMX Group

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29. Claude Honegger
Credit Suisse

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30. Chris Corrado
MSCI

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31. David Gledhill
DBS Bank

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32. John Bates
Software AG

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33. Michael Cooper
BT Radianz

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34. Gary Scholten
Principal Financial Group

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35. Sunil Hirani
trueEX Group

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36. Hauke Stars
Deutsche BÖrse

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37. Brian Conlon
First Derivatives

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38. Jim Minnick
eVestment

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39. Lars Seier Christensen & Kim Fournais

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40. Tyler Kim
MaplesFS

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41. Jim McGuire
Charles Schwab Corp.

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42. Steven O’Hanlon
Numerix

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43. Sebastián Ceria
Axioma

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44. Yasuki Okai
NRI Holdings America

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45. Stephane Dubois
Xignite

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46. Mazy Dar
OpenFin

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47. Brian Sentance
Xenomorph Software

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48. Mas Nakachi
OpenGamma

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49. John Lehner
BNY Mellon Technology Solutions Group

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50. Jock Percy
Perseus


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