The 2017 Tech 40: Peter Cherecwich

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< The 2017 Tech 40

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29. Peter Cherecwich
President, Corporate & Institutional Services
Northern Trust Corp.
Last year: PNR

Lots of words have been expended on blockchain predictions and punditry, but none quite like those in a recent commentary by Peter Cherecwich, “A Dream of the ‘90s Lives On: What GSTPA Teaches Us About Blockchain.” Northern Trust Corp.'s president of corporate and institutional services (C&IS) concedes that “you have to be over 50" to have any recall of the Global Straight Through Processing Association, which attempted to standardize communications among fund managers, brokerages, and custodians. Cherecwich, 52, thinks GSTPA set a useful precedent. Although the group disbanded in 2002, unable to overcome political and economic obstacles, “there is an unmistakable correlation between the GSTPA’s central matching engine concept and the current focus on building common and instantaneous shared transaction records,” Cherecwich wrote in the article, posted in May at Pensions & Investments online. Promoted to his current position in January after two years as president of C&IS Americas and seven years heading Global Fund Services, Cherecwich is actively involved in blockchain strategy as an outgrowth of the technology-driven nature of his business. Northern Trust, which has $7.1 trillion in assets under custody and $1 trillion in assets under management, “is a relationship company that operates in a technological environment,” says Cherecwich, who joined the Chicago-based organization in 2007 from State Street Corp.


The 2017 Tech 40

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1. Adena Friedman
NASDAQ

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2. Catherine Bessant
Bank of
America Corp.

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3. Robert Goldstein
BlackRock

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4. Jeffrey Sprecher
Intercontinental Exchange

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5. Lance Uggla
IHS Markit

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6. Shawn Edwards & Vlad Kliatchko
Bloomberg

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7. David Craig
Thomson Reuters

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8. Michael Spencer
NEX Group

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9. Don Callahan
Citigroup

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10. Elisha Wiesel
Goldman Sachs Group

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11. Michael Bodson
Depository Trust & Clearing Corp.

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12. Terrence Duffy
CME Group

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13. Charles Li
Hong Kong Exchanges and Clearing

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14. Sean Belka
Fidelity Investments

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15. Chris Concannon
CBOE Holdings

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16. Guy Chiarello
First Data Corp.

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17. Steven Lieblich
Citadel

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18. David Rutter
R3CEV

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19. Blythe Masters
Digital Asset Holdings

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20. Alfred Spector
Two Sigma Investments

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21. Neil Katz
D.E. Shaw Group

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22. Lee Olesky
Tradeweb Markets

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23. Richard McVey
MarketAxess Holdings

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24. David Gledhill
DBS Bank

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25. Seth Merrin
Liquidnet Holdings

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26. Antoine Shagoury
State Street Corp.

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27. Peter Brown &
Robert Mercer

Renaissance Technologies

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28. Lou Eccleston
TMX Group

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29. Peter Cherecwich
Northern Trust Corp.

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30. Mike Chinn
S&P Global Market Intelligence

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31. Chris Corrado
London Stock Exchange Group

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32. Neal Pawar
AQR Capital Management

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33. Gary Norcross
Fidelity National Information Services

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34. Steven O’Hanlon
Numerix

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35. Sebastián Ceria
Axioma

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36. Brian Conlon
First Derivatives and Kx Systems

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37. Tyler Kim
MaplesFS

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38. Michael Cooper
BT Radianz

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39. Robert Schifellite
Broadridge Financial Solutions

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40. Jim Minnick
eVestment


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