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The 2015 Tech 50: Christopher Perretta

The State Street Corp. chief information officer climbs to No. 17 on this year’s Tech 50 ranking.

17
Christopher Perretta
Chief Information Officer
State Street Corp.

The verdict is in on the Business Operations and Information Technology Transformation program that State Street Corp. began in 2010: more than $625 million in annualized pretax savings, fully realized this year. That is how it was reported to shareholders, anyway. To executive vice president and chief information officer Christopher Perretta, the official completion of the IT transformation, a bold and leading-edge commitment to cloud computing at the time of the project’s launch, is but “an opening gambit that whetted our appetite for more and better things. We are continuing on toward the digital enterprise.” Now it gets interesting, the 57-year-old says, because the process of exploring and mining the technology’s full potential will be ongoing and iterative. Coming from an electrical engineering background — bachelor’s degree from Johns Hopkins University, master’s from Syracuse University — and having been exposed to industrial processes while a financial executive with General Electric Co. and a consultant with Andersen Consulting, Perretta views big-data opportunities through a manufacturing lens. “Like moving steel through a factory, one piece of data links to another, like in an assembly line,” he explains. “Getting it to flow as seamlessly as possible leads to more insight.” Unleashing the assembled computing power, which can perform in minutes or hours what used to take days or weeks, “we can interrogate our systems, leading to increased transparency, better interactions with clients and more-efficient supply chains,” he adds. At State Street since 2007 and overseeing more than 5,000 employees and contractors, Perretta says the “fully automated factory” also must stress reliability. This increases demand on the “factory floor” for “operations research types who pull systems apart and engineer them to improve performance.”

See the full story, “The 2015 Tech 50: Racers to the Edge.”


The 2015 Tech 50

1. Jeffrey Sprecher
Intercontinental Exchange
2. Catherine Bessant
Bank of America Corp.
3. Phupinder Gill
CME Group
4. Lance Uggla
Markit
5. Robert Goldstein
BlackRock
6. Shawn Edwards &
Vlad Kliatchko
Bloomberg
7. R. Martin Chavez
Goldman Sachs Group
8. Deborah Hopkins
Citi Ventures
9. Stephen Neff
Fidelity Investments
10. Adena Friedman
Nasdaq OMX Group
11. David Craig
Thomson Reuters
12. Daniel Coleman
KCG Holdings
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. Christopher Perretta
State Street Corp.
18. Antoine Shagoury
London Stock Exchange Group
19. Kevin Rhein
Wells Fargo & Co.
20. Neil Katz
D.E. Shaw & Co.
21. Lee Olesky
Tradeweb Markets
22. Richard McVey
MarketAxess Holdings
23. Seth Merrin
Liquidnet Holdings
24. Robert Alexander
Capital One Financial Corp.
25. Frank Bisignano
First Data Corp.
26. John Marcante
Vanguard Group
27. Joseph Squeri
Citadel
28. Lou Eccleston
TMX Group
29. Claude Honegger
Credit Suisse
30. Chris Corrado
MSCI
31. David Gledhill
DBS Bank
32. John Bates
Software AG
33. Michael Cooper
BT Radianz
34. Gary Scholten
Principal Financial Group
35. Sunil Hirani
trueEX Group
36. Hauke Stars
Deutsche BÖrse
37. Brian Conlon
First Derivatives
38. Jim Minnick
eVestment
39. Lars Seier Christensen & Kim Fournais
40. Tyler Kim
MaplesFS
41. Jim McGuire
Charles Schwab Corp.
42. Steven O'Hanlon
Numerix
43. Sebastián Ceria
Axioma
44. Yasuki Okai
NRI Holdings America
45. Stephane Dubois
Xignite
46. Mazy Dar
OpenFin
47. Brian Sentance
Xenomorph Software
48. Mas Nakachi
OpenGamma
49. John Lehner
BNY Mellon Technology Solutions Group
50. Jock Percy
Perseus

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