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The 2016 Tech 50: Steven O’Hanlon

The Numerix president and CEO jumps to No. 34 on this year’s Tech 50 ranking.

< The 2016 Tech 5034Steven O'HanlonPresident and Chief Executive OfficerNumerixLast year: 42

From its founding in 1996, Numerix has gained renown for its quantitative models and analytics — so much so that it was chosen in 2009 to provide derivatives valuations for postbankruptcy Lehman Brothers Holdings. As the vast and complex Lehman portfolio continues to be unwound, what Numerix president and CEO Steven O’Hanlon termed “the largest valuation deal in history” still produces revenue for the New York–based software company. Meanwhile, with 270 employees and more than 700 customers worldwide, Numerix has transcended its heritage as a derivatives-pricing shop, though it still thrives in that capacity. Under O’Hanlon — an enterprise software industry veteran who took a senior sales role at Numerix in 2002, became president and COO in 2004, and CEO in 2013 — the company completed a top-to-bottom information technology overhaul in time to meet both pre- and postcrisis spikes in demand for derivatives data and related services. That positioned Numerix for a “pivot to risk” in 2009, O’Hanlon said at the time, delivering enterprisewide, cross-asset risk analytics faster and more comprehensively than legacy technologies could. Today the 58-year-old talks about transformation not as something vaguely aspirational but rather as a set of harsh realities facing the financial industry, as well as a new phase of reinvention for Numerix. “Every major firm has a transformation process,” O’Hanlon explains, with “groups and teams looking at the impact of regulations like the fundamental review of the trading book [market risk management framework], how they might scale up in some areas and reduce costs in others and leverage technology more effectively. Numerix is at the table in those discussions.” The selection of Numerix Oneview by a central bank, the Reserve Bank of New Zealand, for trade valuation and risk analytics in treasury systems, announced in April, is a case in point. “It is a scary path,” O’Hanlon says of banks’ strategic and IT reassessments. “But they have to take it, and it has to be truly transformational.”

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 The 2016 Tech 50 Click below to view profiles
1. Catherine
Bessant
Bank of America Corp.2. Jeffrey SprecherIntercontinental Exchange3. Lance UgglaMarkit4. Phupinder GillCME Group5. Shawn Edwards and Vlad KliatchkoBloomberg6. R. Martin ChavezGoldman Sachs Group
7. Robert GoldsteinBlackRock8. Adena FriedmanNasdaq9. Deborah HopkinsCiti Ventures10. Daniel ColemanKCG Holdings11. Stephen NeffFidelity Investments12. David CraigThomson Reuters
13. Michael SpencerICAP14. Michael BodsonDepository Trust & Clearing Corp. 15. Charles LiHong Kong Exchanges and Clearing16. Chris ConcannonBATS Global Markets17. Blythe MastersDigital Asset Holdings18. David RutterR3CEV
19. Neil KatzD.E. Shaw & Co.20. Lee OleskyTradeweb Markets21. Richard McVeyMarketAxess Holdings22. Seth MerrinLiquidnet Holdings23. Robert AlexanderCapital One Financial Corp.24. Brad KatsuyamaIEX Group
25. Antoine ShagouryState Street Corp.26. David GledhillDBS Bank27. Lou EcclestonTMX Group28. Andreas PreussDeutsche BÖrse29. Dan SchulmanPayPal Holdings30. Scott DillonWells Fargo & Co.
31. Mike ChinnS&P Global Market Intelligence32. Craig DonohueOptions Clearing Corp.33. Gary NorcrossFidelity National Information Services34. Steven O'HanlonNumerix35. Sebastián CeriaAxioma36. Michael CooperBT Radianz
37. Tyler KimMaplesFS38. Neal PawarAQR Capital Management39. David HardingWinton Capital Management40. Chris CorradoLondon Stock Exchange Group41. Brian ConlonFirst Derivatives42. Jim MinnickeVestment
43. Stephane DuboisXignite44. Mazy DarOpenFin45. Yasuki OkaiNRI Holdings America46. Kim FournaisSaxo Bank47. Jock PercyPerseus48. Robert SchifelliteBroadridge Financial Solutions
49. Brian SentanceXenomorph Software50. Pieter van der DoesAdyen