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The 2015 Tech 50: Mas Nakachi

The OpenGamma CEO jumps to No. 48 on this year’s Tech 50 ranking.

Mas Nakachi
Chief Executive Officer

“Standard,” “open” and “transparent” are trending keywords in financial services and information technology alike. OpenGamma straddles those worlds as “the only open-source risk and analytics company in fintech,” boasts Mas Nakachi, the London-based company’s 41-year-old CEO. A nagging question for OpenGamma since its founding in 2009 — with backing from venture capital firms Accel Partners and FirstMark Capital, along with ICAP (see Michael Spencer, No. 13) and its Euclid Opportunities fund — has been how to profit from software that is built on openly accessible standards and targeted at an industry in the midst of “fundamental changes, a lot of them regulatory-driven,” as Nakachi puts it. OpenGamma may now be showing the way with a “focus on market structure and its needs for openness and transparency,” he says. “This is why we have been invited in to talk to regulators,” putting forward a margin calculation model for noncleared over-the-counter trades as part of a standard methodology being developed by the International Swaps and Derivatives Association. It is a short leap from such industry-specific utilities to the blockchain, which is “open technology at its core,” Nakachi points out. He is watching the decentralized, cryptocurrency-associated ledger closely because “it is open-source, and the future of finance is decentralized systems” — a disruption to business models that he sees playing out over three to five years. Last October fintech investor and former ICAP executive Mark Beeston (No. 10 on the 2014 Trading Technology 40) became OpenGamma’s chairman, succeeding founder Kirk Wylie, now chief innovation officer. Also joining the board: former SunGard CEO and mentor to start-ups Cristóbal Conde (No. 39 on last year’s Tech 50 and an investor in OpenFin — see Mazy Dar, No. 46).

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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