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The 2015 Tech 50: Stephen Neff

The Fidelity Investments Enterprise CTO claims No. 9 on this year’s Tech 50 ranking.

Stephen Neff
Enterprise Chief Technology Officer
Fidelity Investments

Fidelity Investments pioneered earlier generations of financial technology — it was one of the first to go online and to offer mobile services — and never stopped pushing the envelope. The Boston-based firm, which has $2 trillion of assets under management, has been continuously upgrading its mobile app and is moving on to wearables, having recently begun to deliver real-time quotes and other notifications to the Apple Watch, another first. It all results from the money management giant’s focus and insistence on “moving things quickly from concept to something very specific and tangible,” says enterprise CTO Stephen Neff. The 63-year-old, a former Salomon Brothers and IBM Corp. technologist who has been with Fidelity since 1996 and in his current role since 2013, has even more futuristic developments on his radar. These include blockchain technology and its potential impact on transparency and on reducing settlement times and costs for digital assets; and Oculus Rift, the virtual reality headset developed by Oculus VR, which Facebook acquired last year for $2 billion in cash and stock. The power of start-ups like Oculus and the way they change personal computing have direct bearing on the financial services industry, says Neff. They “enable new customer behavior models and ways for consumers to more actively interact with and manage their financial resources.” He sees the advent of robo-advising in a similar light: “Fidelity has always believed that we can take advantage of these types of innovation to give more people access to the knowledge and financial know-how that have traditionally been difficult for many consumers to obtain.”

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
5. Robert Goldstein
6. Shawn Edwards &
Vlad Kliatchko
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
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
28. Lou Eccleston
TMX Group
29. Claude Honegger
Credit Suisse
30. Chris Corrado
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
39. Lars Seier Christensen & Kim Fournais
40. Tyler Kim
41. Jim McGuire
Charles Schwab Corp.
42. Steven O'Hanlon
43. Sebastián Ceria
44. Yasuki Okai
NRI Holdings America
45. Stephane Dubois
46. Mazy Dar
47. Brian Sentance
Xenomorph Software
48. Mas Nakachi
49. John Lehner
BNY Mellon Technology Solutions Group
50. Jock Percy

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