This content is from: Portfolio
The 2015 Tech 50: Claude Honegger
The Credit Suisse co-chief information officer debuts at No. 29 on this year’s Tech 50 ranking.
The emergence of technologically disruptive start-ups in wealth management spurred Credit Suisse to respond in kind with an application of its own for high-net-worth customers. Leading the charge is co-CIO Claude Honegger, 48, who oversees information technology for the Zurich-based institution’s private banking, wealth management and shared services divisions. The Credit Suisse Private Banking app, launched in Singapore and Switzerland in March, provides tools for trading securities and foreign exchange, scanning news and research, monitoring investment performance and communicating with bankers. “Digitalization,” says Honegger, “is a supercatalyst to review the way you are doing business,” and it has led Credit Suisse to take a fresh look at its business models, processes and interactions with clients. “It triggers all the right discussions that you need to have in the background.” Since joining Credit Suisse in 1987, Honegger worked his way up through a number of IT positions to co-CIO in early 2013. He believes that private banking, in comparison with investment banking (whose co-CIO Nigel Faulkner recently resigned) and other areas, “will see the biggest disruption.” Major challenges in developing the new private banking platform involved deciding which features to include and whether to build the functionality internally or buy it from outside. Honegger foresees more partnerships with new tech players — Credit Suisse has joined with other major banks in supporting New York’s FinTech Innovation Lab incubation program — to keep abreast of breakthroughs and adapt as necessary to serve an increasingly tech-savvy clientele.
See the full story, “The 2015 Tech 50: Racers to the Edge.”
 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 |