The 2015 Tech 50: David Craig

The Thomson Reuters president of Financial and Risk claims the No. 11 spot on this year’s Tech 50 ranking.

2015-07-jeffrey-kutler-tech-50-david-craig-small.jpg

< The 2015 Tech 50: Racers to the Edge

2015-07-jeffrey-kutler-tech-50-david-craig.jpg

11
David Craig
President, Financial & Risk
Thomson Reuters
Last year: 7

Amid sluggish economic and market conditions, revenue was flat across Thomson Reuters in 2014 as the financial data giant continued to reach for returns from Thomson Corp.’s $17 billion acquisition of Reuters Group in 2008. But the company said its Financial & Risk group, which accounted for more than half of its $12.6 billion in total revenue, had its “first year of positive net sales” since that crisis year, with earnings before interest, taxes, depreciation and amortization rising 9 percent and operating profit 17 percent. “We’re finally turning back into a growth business,” proclaims David Craig, the London-based president of Financial & Risk since the end of 2011. The group has been focused for three years on streamlining 800 legacy products and consolidating its data and content offerings on three flagship platforms: the Eikon desktop, Elektron for data and trading applications and Accelus for governance, risk and compliance. With the integration nearing completion and the sales outlook brightening, “it gives you confidence to invest,” says Craig. The 45-year-old Reuters veteran and former McKinsey & Co. consultant envisions exchanges, banks, brokerages and content providers using Thomson Reuters’ platforms for their own innovation and product distribution. Craig points to an app built last year in Beijing for Thomson Reuters, now open to customers and third-party developers, showing all qualified instruments that can trade over Shanghai–Hong Kong Stock Connect (see Charles Li, No. 15) as an example of the type of agile development that will be the way of the future. With an eye on the fintech start-up explosion, Craig says Thomson Reuters is ready to take minority stakes in promising ventures. “A couple of years ago, I think the industry was in denial about fintech,” he says. “Now it has finally realized it’s a major shift.”

See the full story, “The 2015 Tech 50: Racers to the Edge.”


The 2015 Tech 50

2015-07-jeffrey-kutler-tech-50-jeffrey-sprecher-thumb.png

1. Jeffrey Sprecher
Intercontinental Exchange

2015-07-jeffrey-kutler-tech-50-catherine-bessant-thumb.png

2. Catherine Bessant
Bank of America Corp.

2015-07-jeffrey-kutler-tech-50-phupinder-gill-thumb.png

3. Phupinder Gill
CME Group

2015-07-jeffrey-kutler-tech-50-lance-uggla-thumb.png

4. Lance Uggla
Markit

2015-07-jeffrey-kutler-tech-50-robert-goldstein-thumb.png

5. Robert Goldstein
BlackRock

2015-07-jeffrey-kutler-tech-50-shawn-edwards-vlad-kliatschk-thumb.png

6. Shawn Edwards &
Vlad Kliatchko
Bloomberg

2015-07-jeffrey-kutler-tech-50-martin-chavez-thumb.png

7. R. Martin Chavez
Goldman Sachs Group

2015-07-jeffrey-kutler-tech-50-deborah-hopkins-thumb.png

8. Deborah Hopkins
Citi Ventures

2015-07-jeffrey-kutler-tech-50-stephen-neff-thumb.png

9. Stephen Neff
Fidelity Investments

2015-07-jeffrey-kutler-tech-50-adena-friedman-thumb.png

10. Adena Friedman
Nasdaq OMX Group

2015-07-jeffrey-kutler-tech-50-david-craig-thumb.png

11. David Craig
Thomson Reuters

2015-07-jeffrey-kutler-tech-50-daniel-coleman-thumb.png

12. Daniel Coleman
KCG Holdings

2015-07-jeffrey-kutler-tech-50-michael-spencer-thumb.png

13. Michael Spencer
ICAP

2015-07-jeffrey-kutler-tech-50-michael-bodson-thumb.png

14. Michael Bodson
Depository Trust & Clearing Corp.

2015-07-jeffrey-kutler-tech-50-charles-li-thumb.png

15. Charles Li
Hong Kong Exchanges and Clearing

2015-07-jeffrey-kutler-tech-50-chris-concannon-thumb.png

16. Chris Concannon
BATS Global Markets

2015-07-jeffrey-kutler-tech-50-christopher-perretta-thumb.png

17. Christopher Perretta
State Street Corp.

2015-07-jeffrey-kutler-tech-50-antoine-shagoury-thumb.png

18. Antoine Shagoury
London Stock Exchange Group

2015-07-jeffrey-kutler-tech-50-kevin-rhein-thumb.png

19. Kevin Rhein
Wells Fargo & Co.

2015-07-jeffrey-kutler-tech-50-neil-katz-thumb.png

20. Neil Katz
D.E. Shaw & Co.

2015-07-jeffrey-kutler-tech-50-lee-olesky-thumb.png

21. Lee Olesky
Tradeweb Markets

2015-07-jeffrey-kutler-tech-50-richard-mcvey-thumb.png

22. Richard McVey
MarketAxess Holdings

2015-07-jeffrey-kutler-tech-50-seth-merrin-thumb.png

23. Seth Merrin
Liquidnet Holdings

2015-07-jeffrey-kutler-tech-50-robert-alexander-thumb.png

24. Robert Alexander
Capital One Financial Corp.

2015-07-jeffrey-kutler-tech-50-frank-bisignano-thumb.png

25. Frank Bisignano
First Data Corp.

2015-07-jeffrey-kutler-tech-50-john-marcante-thumb.png

26. John Marcante
Vanguard Group

2015-07-jeffrey-kutler-tech-50-joe-squeri-thumb.png

27. Joseph Squeri
Citadel

2015-07-jeffrey-kutler-tech-50-lou-eccleston-thumb.png

28. Lou Eccleston
TMX Group

2015-07-jeffrey-kutler-tech-50-claude-honegger-thumb.png

29. Claude Honegger
Credit Suisse

2015-07-jeffrey-kutler-tech-50-chris-corrado-thumb.png

30. Chris Corrado
MSCI

2015-07-jeffrey-kutler-tech-50-david-gledhill-thumb.png

31. David Gledhill
DBS Bank

2015-07-jeffrey-kutler-tech-50-john-bates-thumb.png

32. John Bates
Software AG

2015-07-jeffrey-kutler-tech-50-michael-cooper-thumb.png

33. Michael Cooper
BT Radianz

2015-07-jeffrey-kutler-tech-50-gary-scholten-thumb.png

34. Gary Scholten
Principal Financial Group

2015-07-jeffrey-kutler-tech-50-sunil-hirani-thumb.png

35. Sunil Hirani
trueEX Group

2015-07-jeffrey-kutler-tech-50-hauke-stars-thumb.png

36. Hauke Stars
Deutsche BÖrse

2015-07-jeffrey-kutler-tech-50-brian-conlon-thumb.png

37. Brian Conlon
First Derivatives

2015-07-jeffrey-kutler-tech-50-jim-minnick-thumb.png

38. Jim Minnick
eVestment

2015-07-jeffrey-kutler-tech-50-lars-seier-christensen-kim-fournais-thumb.png

39. Lars Seier Christensen & Kim Fournais

2015-07-jeffrey-kutler-tech-50-tyler-kim-thumb.png

40. Tyler Kim
MaplesFS

2015-07-jeffrey-kutler-tech-50-jim-mcguire-thumb.png

41. Jim McGuire
Charles Schwab Corp.

2015-07-jeffrey-kutler-tech-50-steven-ohanlon-thumb.png

42. Steven O’Hanlon
Numerix

2015-07-jeffrey-kutler-tech-50-sebastian-ceria-thumb.png

43. Sebastián Ceria
Axioma

2015-07-jeffrey-kutler-tech-50-yasuki-okai-thumb.png

44. Yasuki Okai
NRI Holdings America

2015-07-jeffrey-kutler-tech-50-stephane-dubois1-thumb.png

45. Stephane Dubois
Xignite

2015-07-jeffrey-kutler-tech-50-mazy-dar-thumb.png

46. Mazy Dar
OpenFin

2015-07-jeffrey-kutler-tech-50-brian-sentance-thumb.png

47. Brian Sentance
Xenomorph Software

2015-07-jeffrey-kutler-tech-50-mas-nakachi-thumb.png

48. Mas Nakachi
OpenGamma

2015-07-jeffrey-kutler-tech-50-john-lehner-thumb.png

49. John Lehner
BNY Mellon Technology Solutions Group

2015-07-jeffrey-kutler-tech-50-jock-percy-thumb.png

50. Jock Percy
Perseus


Related