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The 2015 Tech 50: Chris Corrado

The CIO of MSCI jumps to No. 30 on this year’s Tech 50 ranking.

Chris Corrado
Chief Information Officer

Before former Morgan Stanley and UBS technologist Chris Corrado joined MSCI in October 2013, the New York–based company best known for its benchmark indexes and risk and portfolio management systems had never had a chief information officer. Corrado quickly embarked on a “technology transformation” that may more resemble a tsunami. The overhaul is geared, he says, to a postcrisis world in which “the things we do, such as risk management, portfolio construction and portfolio analytics, are all important for our clients to make money as well as abide by the changing regulatory landscape.” No mere systems upgrade, Corrado’s work in progress is an extensive platform architecture to serve institutional customers, conceptually similar to Goldman Sachs Group’s opening of its technology to clients (see R. Martin Chavez, No. 7). “It’s a platform with which we provide our services to external customers,” Corrado explains. “It has all the mission-critical criteria and requirements that you’d expect to find in internal technology groups in banks and other institutions, but all of it is client-facing.” The 55-year-old and his team are currently demonstrating the implementation internally. They will begin opening portfolio management to customers in the fall, with risk management to follow. Corrado says he had two strategic choices — “take the existing platform and add new features, or redo the platform and put the new functionality on that” — and the latter was clearly superior. Portfolio management will not be “100 percent complete from a coding standpoint” when it rolls out, but it has the intended functionality, and “we’ll effectively be able to migrate our customers. The architecture implementation won’t be complete because it has to take on all the risk functionality down the road.”

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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