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The 2015 Tech 50: Steven O’Hanlon

The Numerix president and CEO jumps to No. 42 on this year’s Tech 50 ranking.

42
Steven O’Hanlon
President and Chief Executive Officer
Numerix

Quantitative models are the basic stock-in-trade of Numerix. Attuning them to consequential, often regulatory-mandated turns in business strategy has been critical to the 19-year-old company’s success in serving more than 700 clients around the world, along with some 90 partner organizations like Bloomberg and Thomson Reuters. But agility isn’t automatic. CEO Steven O’Hanlon, who brought his enterprise software industry background to New York–based Numerix 13 years ago, has prided himself on being able to anticipate technological changes and marketplace demands. In 2004, after being promoted to president and COO from head of sales, marketing and support, he ordered a complete overhaul of the analytics and pricing platform. The new platform built in the flexibility to carry Numerix and its clients through the eventual postcrisis derivatives reforms more smoothly than could have the legacy systems. It also enabled O’Hanlon, starting in 2009, to steer Numerix in a new, risk-management-oriented direction. “In 2014 everything jelled,” says the 57-year-old, who became CEO in 2013. “We see an opportunity to disrupt the entire marketplace of risk providers whose platforms date from before the collapse and are no longer adequate.” With demand mounting for enterprisewide views of risk exposure in close to real time, O’Hanlon adds: “You can’t manage risk without pricing data in one place across all instruments. We are unique in our ability to do that for any kind of financial institution, and we are a first-mover. It is no longer acceptable to pull all this together only after damage has occurred.” Numerix is demonstrating global clout in other ways: It has a letter of intent with longtime Singapore customer DBS Bank and Swiss-based technology partners Avaloq and Leonteq to develop a multidealer distribution platform for structured products, initially eyeing Asian markets and potentially expandable to other regions, O’Hanlon says.

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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