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The 2016 Tech 50: Stephen Neff
The Fidelity Investments Enterprise CEO drops to No. 11 on this year’s Tech 50 ranking.

With an early-adopting heritage that includes a mainframe computer installation in 1965, an Internet home page in 1995 and today a global technology staff of 10,000 with a budget of $2.5 billion, Fidelity Investments has the organizational DNA and bandwidth to be aggressive in research and development. The R&D engine is a subsidiary, Fidelity Labs, which according to its website has “graduated” such products as Fidelity Watchapp for Pebble and FidSafe for document storage, and is beta-testing Fidelity Market Monitor for Google Glass and data visualizations for limit orders and watch lists. Artificial intelligence, big data, security and open source are key innovation areas, and the mantra is “scan, try, scale,” says Stephen Neff, 64, the Boston-based asset management giant’s enterprise CTO since January 2013. A 20-year Fidelity veteran who previously worked for Salomon Brothers and IBM Corp., Neff says cloud computing, which Fidelity began working with internally about five years ago, is today’s highest-impact technology. “It really allows for major transitions that are going on now in the industry, such as digitalization of human services,” he explains. “Regardless of what channel it comes on — mobile apps or wearables such as Apple Watch — our customers expect that we have total knowledge of their past transactions readily accessible. Cloud, digitalization and personalization are game changers.” Talent being ever more critical to the technology mission, Fidelity’s recruitment program, Leap, now in its seventh year, has broadened to include liberal arts graduates in addition to STEM (science, technology, engineering and mathematics) majors. The program has a five-year retention rate of 80 percent. “It’s one of the many ways we’re looking for a diverse workforce that reflects what our customers look like,” Neff says.
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![]() 2. Jeffrey Sprecher Intercontinental Exchange ![]() 3. Lance Uggla Markit ![]() 4. Phupinder Gill CME Group ![]() 5. Shawn Edwards and Vlad Kliatchko Bloomberg ![]() 6. R. Martin Chavez Goldman Sachs Group |
![]() 7. Robert Goldstein BlackRock ![]() 8. Adena Friedman Nasdaq ![]() 9. Deborah Hopkins Citi Ventures ![]() 10. Daniel Coleman KCG Holdings ![]() 11. Stephen Neff Fidelity Investments ![]() 12. David Craig Thomson Reuters |
![]() 13. Michael Spencer ICAP ![]() 14. Michael Bodson Depository Trust & Clearing Corp. ![]() 15. Charles Li Hong Kong Exchanges and Clearing ![]() 16. Chris Concannon BATS Global Markets ![]() 17. Blythe Masters Digital Asset Holdings ![]() 18. David Rutter R3CEV |
![]() 19. Neil Katz D.E. Shaw & Co. ![]() 20. Lee Olesky Tradeweb Markets ![]() 21. Richard McVey MarketAxess Holdings ![]() 22. Seth Merrin Liquidnet Holdings ![]() 23. Robert Alexander Capital One Financial Corp. ![]() 24. Brad Katsuyama IEX Group |
![]() 25. Antoine Shagoury State Street Corp. ![]() 26. David Gledhill DBS Bank ![]() 27. Lou Eccleston TMX Group ![]() 28. Andreas Preuss Deutsche BÖrse ![]() 29. Dan Schulman PayPal Holdings ![]() 30. Scott Dillon Wells Fargo & Co. |
![]() 31. Mike Chinn S&P Global Market Intelligence ![]() 32. Craig Donohue Options Clearing Corp. ![]() 33. Gary Norcross Fidelity National Information Services ![]() 34. Steven O'Hanlon Numerix ![]() 35. Sebastián Ceria Axioma ![]() 36. Michael Cooper BT Radianz |
![]() 37. Tyler Kim MaplesFS ![]() 38. Neal Pawar AQR Capital Management ![]() 39. David Harding Winton Capital Management ![]() 40. Chris Corrado London Stock Exchange Group ![]() 41. Brian Conlon First Derivatives ![]() 42. Jim Minnick eVestment |
![]() 43. Stephane Dubois Xignite ![]() 44. Mazy Dar OpenFin ![]() 45. Yasuki Okai NRI Holdings America ![]() 46. Kim Fournais Saxo Bank ![]() 47. Jock Percy Perseus ![]() 48. Robert Schifellite Broadridge Financial Solutions |
![]() 49. Brian Sentance Xenomorph Software ![]() 50. Pieter van der Does Adyen |