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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.

  • By Peter Vasiliev

34
Steven O'Hanlon
President and Chief Executive Officer
Numerix

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.”

Visit The 2016 Tech 50: Making Financial Services Faster, Cheaper, Bigger for more.


The 2016 Tech 50

1. Catherine
Bessant
Bank of America Corp.
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

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