The 2015 Tech 50: Christopher Perretta

The State Street Corp. chief information officer climbs to No. 17 on this year’s Tech 50 ranking.

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< The 2015 Tech 50: Racers to the Edge

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17
Christopher Perretta
Chief Information Officer
State Street Corp.
Last year: 26

The verdict is in on the Business Operations and Information Technology Transformation program that State Street Corp. began in 2010: more than $625 million in annualized pretax savings, fully realized this year. That is how it was reported to shareholders, anyway. To executive vice president and chief information officer Christopher Perretta, the official completion of the IT transformation, a bold and leading-edge commitment to cloud computing at the time of the project’s launch, is but “an opening gambit that whetted our appetite for more and better things. We are continuing on toward the digital enterprise.” Now it gets interesting, the 57-year-old says, because the process of exploring and mining the technology’s full potential will be ongoing and iterative. Coming from an electrical engineering background — bachelor’s degree from Johns Hopkins University, master’s from Syracuse University — and having been exposed to industrial processes while a financial executive with General Electric Co. and a consultant with Andersen Consulting, Perretta views big-data opportunities through a manufacturing lens. “Like moving steel through a factory, one piece of data links to another, like in an assembly line,” he explains. “Getting it to flow as seamlessly as possible leads to more insight.” Unleashing the assembled computing power, which can perform in minutes or hours what used to take days or weeks, “we can interrogate our systems, leading to increased transparency, better interactions with clients and more-efficient supply chains,” he adds. At State Street since 2007 and overseeing more than 5,000 employees and contractors, Perretta says the “fully automated factory” also must stress reliability. This increases demand on the “factory floor” for “operations research types who pull systems apart and engineer them to improve performance.”

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


The 2015 Tech 50

Sponsored

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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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