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The 2016 Tech 50: Deborah Hopkins

The CEO of Citi Ventures is No. 9 on this year’s Tech 50 ranking.

< The 2016 Tech 509Deborah HopkinsChief Executive OfficerCiti VenturesLast Year: 8

Demand for homes and offices in San Francisco has skyrocketed as trendsetters in that most trendy of technology clusters have shown a decided preference for the city over Silicon Valley to the south. Deborah Hopkins has gone with the flow, relocating to a San Francisco “satellite office” in May. She came to the Valley in 2010 to get close to the high-tech and venture financing communities, in keeping with her mission as chief innovation officer of Citigroup and CEO of its Citi Ventures investment vehicle. The latter, based in Palo Alto, is near such portfolio companies as Ayasdi, Pepperdata and Platfora (all in the big-data space). Downtown, Hopkins has Datameer (analytics), DocuSign (document management) and Square (remote payments) in closer proximity. The portfolio is a window on emerging innovation, which Hopkins, 61, has likened to surfing: “It looks easy, but it’s not,” and it’s all about being aware of coming, but unseen, waves. She believes technological change requires fresh management approaches and openness to experimentation and partnerships. “There is a lot of interesting debate going on around artificial intelligence and whether it’s creepy,” she says. “We were all scoffing at augmented reality, saying it was for games, but we’re actually playing around with that in our labs.” Citi partnered this year with virtual-reality design firm 8ninths, using Microsoft HoloLens headsets to, in the companies’ words, “reimagine financial trading in a mixed reality.” The idea is to augment common experience by overlaying digital tools on existing desktops. “That could be a highly effective way for our traders to operate,” says Hopkins, a former CFO of Boeing Co. and Lucent Technologies who since joining Citi in 2003 has been head of corporate strategy and M&A and chief operations and technology officer. In another partnership, with design firm IDEO, Citi has created collaborative environments to explore uses for new technology such as blockchain. “He who learns the most, wins,” Hopkins says. “Learning really comes from experimentation.”


 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