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The 2016 Tech 50: Sebastián Ceria
The Axioma CEO jumped from No. 43 to No. 35 on this year’s ranking.

There is only so much financial or performance information that a privately held company like Axioma will publicly disclose, but the momentum it is building as a global supplier of portfolio optimization and risk management software is transparent enough. New York–based Axioma’s workforce has nearly doubled in a year, to 200, says CEO Sebastián Ceria. That includes high-profile hires like CFO Amaury Dauge, who previously held that title at Euronext, and Standard & Poor’s veterans William Morokoff and Sunil Rajan to head research and the EMEA region, respectively. Axioma also added 20 from the recent acquisition of regulatory- and risk-reporting businesses from fund servicer ConceptONE, which Ceria considers a natural extension of the multiasset, enterprisewide Axioma Risk platform. The latter, after a proof-of-concept and showcase installation with Sweden’s Skandinaviska Enskilda Banken, announced last year, “is currently being implemented or evaluated by the largest asset management firms on earth,” Ceria boasts. A win announced in May: Bank of New York Mellon Corp. managed-accounts subsidiary HedgeMark International. “These organizations don’t change risk systems very often because it is very hard to do,” says the 51-year old, who founded Axioma as a consulting firm in 1998 and started selling optimization software three years later. “They understand and have the wherewithal to look at the next generation.” Axioma muscled its way into the risk-and-analytics niche — a stronghold of BlackRock Solutions, IBM Analytics (formerly Algorithmics) and MSCI — by aggressively developing and deploying cloud technology with partner Microsoft Corp. Longtime incumbents are hard-pressed to match the agility, flexible costs and capacity of cloud computing, Ceria says, adding: “We wouldn’t be able to do what we do without the cloud. We are harvesting results of some very hard work” and significant capital investments over the past five years. “Just moving an existing system into the cloud has limited benefit,” he advises. “To get full advantage, our enterprise risk system needed to be built from scratch — truly born in the cloud.”
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![]() 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 |