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The 2015 Tech 50: Joseph Squeri

The Citadel chief information officer climbs to No. 27 on this year’s Tech 50 ranking.

27
Joseph Squeri
Chief Information Officer
Citadel

Advanced technology has been crucial to the standout performance of Chicago-based Citadel since its founding in 1990 by CEO Kenneth Griffin. Today the $26 billion hedge fund firm’s technology is a business in itself, led by Joseph Squeri, chief information officer since October 2013. His predecessor, Tom Miglis, retired after 13 years in the job, during which he powered up information technology to meet not only Citadel’s exacting needs but also those of other firms that became customers of its solutions businesses. A three-decade Wall Street veteran with an MBA from Pace University’s Lubin School of Business, Squeri was previously CIO of Barclays’ capital markets and asset management businesses. He has continued to pick up the pace at Citadel. The firm’s analysts and investment professionals “have everything at their fingertips to operate at very high performance levels,” the 51-year-old says. It takes a high-end IT shop to deliver the vast quantities of data and analytical tools that the asset management and quantitative research functions require to produce results for clients. The CIO supervised the build-out of Citadel Securities’ market-making platform; the firm now ranks among the top three interest rate swaps dealers and is mounting a challenge to banks in U.S. government bond trading. “We’re constantly fine-tuning to ensure we adapt to the changing conditions of the marketplace,” says Squeri. That includes developing trade execution pipes with lower latency and faster turnaround times with better pricing. He oversees the trading technology offered to the sell side on a white-label basis, and Citadel continues a sales and operational relationship with Northern Trust Corp. four years after the asset servicer acquired Citadel’s Omnium hedge fund administration business.

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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