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The 2016 Tech 50: Antoine Shagoury

The State Street global chief information officer falls to No. 25 on this year’s Tech 50 ranking.

Antoine Shagoury
Global Chief Information Officer
State Street Corp.
Last Year: 18

After five years as chief information officer of London Stock Exchange Group — the last three also as chief operating officer — Antoine Shagoury joined State Street Corp. last fall as executive vice president and global chief information officer. The 46-year-old succeeded Christopher Perretta (No. 17 last year), who had seen the Boston-based company through a five-year, cloud-oriented technology transformation and this April joined MUFG Americas Holdings Corp. as chief information and operations officer. Late last year State Street put a group of business analysts and technologists together in an emerging technologies center. Its mission is to identify and test technologies that could have a significant and potentially disruptive long-term impact on the firm, which as of March 31 had $27 trillion in assets under custody and administration and $2 trillion under management. “We find ourselves in the center of a perfect storm,” says Shagoury, who before his London stint was CIO of the American Stock Exchange and chief technology officer of Instinet. “Our digital transformation has brought a convergence of technological change and adoption opportunities to build into our future.” The xcenter, as it’s called, is exploring such frontiers as artificial intelligence, autonomic computing and blockchain. State Street has been experimenting with blockchain in internal software development and as a participant in the R3CEV consortium (see David Rutter, No. 18) and the Post-Trade Distributed Ledger Group. “While we’re continuously developing more efficient and secure ways of safeguarding data, as an industry we still rely heavily on human intervention for data processing, which requires time, cost and energy,” Shagoury says. “Ideally, blockchain would give us the ability to offer products to our clients faster and, more importantly, even more securely.”

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

The 2016 Tech 50

1. Catherine
Bank of America Corp.
2. Jeffrey Sprecher
Intercontinental Exchange
3. Lance Uggla
4. Phupinder Gill
CME Group
5. Shawn Edwards and Vlad Kliatchko
6. R. Martin Chavez
Goldman Sachs Group
7. Robert Goldstein
8. Adena Friedman
9. Deborah Hopkins
Citi Ventures
10. Daniel Coleman
KCG Holdings
11. Stephen Neff
Fidelity Investments
12. David Craig
Thomson Reuters
13. Michael Spencer
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
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
35. Sebastián Ceria
36. Michael Cooper
BT Radianz
37. Tyler Kim
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
43. Stephane Dubois
44. Mazy Dar
45. Yasuki Okai
NRI Holdings America
46. Kim Fournais
Saxo Bank
47. Jock Percy
48. Robert Schifellite
Broadridge Financial Solutions
49. Brian Sentance
Xenomorph Software
50. Pieter van der Does

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