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The 2015 Tech 50: Jim McGuire

The Charles Schwab chief information officer jumps to No. 41 on this year’s Tech 50 ranking.

41
Jim McGuire
Chief Information Officer
Charles Schwab Corp.

Even the most jaded of commuters passing through New York’s Grand Central Terminal this spring couldn’t have missed the large robot, suspended in a glass box, pouring cups of coffee. It was a three-dimensional advertisement for Schwab Intelligent Portfolios, brokerage firm Charles Schwab’s robo-adviser. “The story was that if you have time for a cup of coffee, you have time to develop an investment plan,” says Jim McGuire, Charles Schwab Corp.’s 60-year-old chief information officer. Within two and a half months of its March 8 launch, the automated, customized program had opened more than 32,000 accounts holding more than $2 billion in customer assets. And it isn’t just robotic; human representatives are available when hands-on assistance is called for. A white-label version was launched in the second quarter, enabling members of the Schwab Advisor Services network to offer Intelligent Portfolios under their own brand names. Schwab is also seeing rapid growth in its compliance offerings to corporate clients coping with the ever-changing regulatory landscape. Companies using Schwab Compliance Solutions increased 62 percent over the past two years, to 2,185, while assets monitored rose 58 percent, to $60 billion. McGuire, who worked at Schwab from 1997 to 2004 and spent more than four years with eBay and its PayPal unit before returning to the San Francisco–based brokerage in 2009, says mobility is a strategic priority — Schwab has launched an Apple Watch application — and “You can’t say enough about data. There’s so much we can do with the data our clients entrust us with to serve them better.”

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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