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The 2015 Tech 50: Jock Percy

The Perseus CEO debuts at No. 50 on this year’s Tech 50 ranking.

50
Jock Percy
Chief Executive Officer
Perseus
PNR

In 2010, its first year of operation, Perseus was a boutique, serving a handful of customers who had caught on to a bespoke, managed telecommunications service model that may have been slightly ahead of its time. The following year, recalls founder and CEO Jock Percy, proprietary traders started climbing aboard, drawn to the LiquidPath network’s low latency and market-access connectivity. A steady stream of exchanges, investment banks and hedge funds — and a small but growing number of media, e-commerce and gaming companies — followed. If Perseus, which has its headquarters in New York, hadn’t quite established itself as a Wall Street name, that changed in April, when Goldman Sachs Group bought a minority stake for $20.5 million. It was more than just an image booster, says Percy, 41, who placed so much stock in the power of his brand that he dropped “Telecom” from the company’s name some months before. The funding will enable Perseus to complete a 28-location expansion of LiquidPath in one year, instead of the original plan for five years. Three cities added in the first quarter — Johannesburg, Istanbul and Santiago — are representative of Perseus’ global reach. Percy says his main competition is do-it-yourself networking, which is increasingly ripe for outsourcing as firms come to the conclusion that their competitive advantages lie elsewhere. With a Ph.D. in political economies from the University of Canterbury, in Christchurch, New Zealand, Percy has an intellectual and professional fascination with Bitcoin. He announced early last year that Perseus would accept Bitcoin payments. In May 2014 the company launched a digital currency initiative, offering its “Wall Street–grade” infrastructure as an alternative to Mt. Gox and other platforms that did not serve Bitcoin well.

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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