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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.

< The 2016 Tech 5025Antoine ShagouryGlobal Chief Information OfficerState 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.”

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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