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The 2016 Tech 50: Tyler Kim

The global head of fund services at MaplesFS jumps to No. 37 on this year’s Tech 50 ranking.

< The 2016 Tech 5037Tyler KimGlobal Head of Fund ServicesMaplesFSLast year: 40

A year ago Tyler Kim was wearing two hats at Montreal-based MaplesFS. He was chief information officer, having built and managed the fund and fiduciary services firm’s technology platform after arriving in 2009 from Toronto hedge fund firm Northwater Capital Management. As of April 2015 he was also co–global head of Maples Fund Services, underscoring the importance of information technology to the company’s core business. Today Kim is down to one title, global head of fund services, but he is no less of a technologist than he always was. “It became a bit redundant,” says the Stanford University BS in industrial engineering. Dropping the CIO title is “emblematic of our transformation into a technology company.” An affiliate of offshore law partnership Maples and Calder that has been in the fund administration business since 2005, MaplesFS has $59 billion in assets under administration. Rather than going toe-to-toe against the multitrillion-dollar elites in that business, MaplesFS creates bespoke niches in what Kim, 42, defines as “targeted offerings for institutional investors.” A case in point, riding on Kim’s flexible IT architecture, is a consolidated performance- and risk-reporting mandate from the Dallas Police and Fire Pension System. The $3 billion pension fund said in April that it had turned to MaplesFS as part of a plan that includes a realignment of investment strategy and improved governance. MaplesFS is breaking new ground in the San Francisco area, where it opened an office last year, by introducing administrative disciplines to marketplace lending. Originally known as peer-to-peer (P2P) lending, the high-flying sector is increasingly attracting institutional funding. Without independent recordkeeping at the individual loan level, which MaplesFS has developed algorithms to perform, institutional money would be scarce: MaplesFS has identified Evolution Capital Management of Santa Monica, California, as a marquee client, with four loan funds being administered. “This is a new way to apply the skills of Maples, an opportunity to get in on a rising tide in an area that is underserved,” Kim says. Next up for independent administration treatment: private equity funds, which, Kim points out, are largely self-administered in North America but less so in other parts of the world.

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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