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The 2015 Trading Technology 40: Ronald DePoalo

#10 Ronald DePoalo, Chief Information Officer, Fidelity Institutional

10
Ronald DePoalo
Chief Information Officer
Fidelity Institutional
Previously Not Ranked

Ronald DePoalo has financial technology in his blood. His father, Phillip, was head of technology at Salomon Brothers. “I spent a good amount of time learning about the business from him,” says the younger DePoalo, now chief information officer of the Fidelity Institutional unit of Boston-based Fidelity Investments. He went on to “put technology at the heart of my degree,” a BS in management information systems from Ramapo College in New Jersey (later supplemented by an MBA from Saint Peter’s University). His “baptism by fire” came shortly after entering a Merrill Lynch & Co. training program in 1986, as a developer in mortgage-backed securities. Back then technology was “the necessary evil of financial services, with lots of batch processing,” the 50-year-old recalls. “I was there at the beginning, witnessing how technology became more and more central.” At Merrill he rose to chief technology officer for global wealth management, leaving in 2008 to oversee Fidelity’s $3.5 trillion-in-assets brokerage platform, which serves the retail and workplace businesses s well as the technology for the institutional business. It includes National Financial, Institutional Wealth Services, Financial Advisor Solutions, Capital Markets Services and Family Office Services. “We are building out trading tools and systems to bring institutional-type quality for all different clients,” DePoalo says. Last year saw enhancements to the PB Optimize price transparency tool for securities lending and the launch of a crossing system for block trades. This year’s priorities: fixed-income trading and transaction cost analysis for equities and options.

The 2015 Trading Technology 40

1
2
3
4
5
Kevin Kometer
CME Group
Richard Prager
BlackRock
Raymond Tierney III
Bloomberg Tradebook
Jonathan Ross
KCG Holdings
Charles Vice
Intercontinental Exchange
6
7
8
9
10
Chris Isaacson
BATS Global Markets
Bradley Peterson
Nasdaq OMX Group
Brad Levy
MarkitSERV
Dan Keegan
Citi
Ronald DePoalo
Fidelity Institutional
11
12
13
14
15
Gerard Beatty
Goldman Sachs Group
Gerald O'Connell
CBOE Holdings
Brenda Hoffman
TMX Group
Billy Hult
Tradeweb Markets
Nicholas Themelis
MarketAxess Holdings
16
17
18
19
20
Bina Kalola
Bank of America Merrill Lynch
Gil Mandelzis
EBS-BrokerTec (ICAP)
Steven Randich
Financial Industry Regulatory Authority
Jerry Dobner
GFI Group
Michael Liberman
BlueMountain Capital Management
21
22
23
24
25
Bill Chow and Richard Leung
Hong Kong Exchanges and Clearing
Jamie Selway
Investment Technology Group
Brad Katsuyama
IEX Group
John Mackay (Mack) Gill
MillenniumIT
Jamil Nazarali
Citadel Execution Services
26
27
28
29
30
Robert Cornish
International Securities Exchange
Tyler Moeller andJoshua Walksy
Broadway Technology
Rishi Nangalia
REDI Holdings
Manoj Narang
Tradeworx,
Thesys Technologies
Oki Matsumoto
Monex Group
31
32
33
34
35
Alasdair Haynes
Aquis Exchange
Veronica Augustsson
Cinnober Financial Technology
Stu Taylor
Algomi
Luís Otávio Saliba Furtado
BM&FBovespa
Tal Cohen
Chi-X Global Holdings
36
37
38
39
40
Donal Byrne
Corvil
R. Cromwell Coulson
OTC Markets Group
Alfred Eskandar
Portware
Richard Korhammer
SR Labs
Hazem Dawani
OptionsCity Software


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