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The 2015 Tech 50: R. Martin Chavez

The Goldman Sachs CIO jumps to No. 7 on this year’s Tech 50 ranking.

< The 2015 Tech 50: Racers to the Edge7R. Martin ChavezChief Information OfficerGoldman Sachs GroupLast year: 10

When R. Martin Chavez was promoted from COO of equities to chief information officer of Goldman Sachs Group in September 2013, the role was expanded to include oversight of the company’s engineers — one third of the New York–based firm’s 34,000 employees, who work with 1.5 billion lines of software code — along with a seat on the management committee and an opportunity to think big about externalization of the firm’s technology. “We’re not delivering a portal or a terminal; we’re giving you apps,” the 51-year-old explains. The opening up of Goldman’s digital platforms started over the past year in the securities division, including equity and foreign exchange, and has moved into investment banking, corporate finance and other areas. “I’d be hard-pressed to think of any business in the company that isn’t engaged, at some level, in the process of externalizing our platforms to clients,” Chavez says. Meanwhile, he and his team are looking at the leading edge of artificial intelligence, specifically machine learning and pattern recognition systems. “Applying good pattern matching and statistics is going to have a big impact on all aspects of our business,” predicts Chavez, who has a bachelor’s in biochemistry and a master’s in computer science from Harvard University and a Ph.D. in medical information sciences from Stanford University. Chavez is on his second tour at Goldman, having served as a senior energy strategist in the 1990s. Before that he co-founded a San Francisco start-up, Quorum Software Systems, and later he was CEO of Kiodex, a New York risk management systems company that SunGard Data Systems acquired in 2004.

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

 The 2015 Tech 50 Click below to view profiles
1. Jeffrey SprecherIntercontinental Exchange2. Catherine BessantBank of America Corp.3. Phupinder GillCME Group4. Lance UgglaMarkit5. Robert GoldsteinBlackRock
6. Shawn Edwards &
Vlad KliatchkoBloomberg
7. R. Martin ChavezGoldman Sachs Group8. Deborah HopkinsCiti Ventures9. Stephen NeffFidelity Investments 10. Adena FriedmanNasdaq OMX Group
11. David CraigThomson Reuters12. Daniel ColemanKCG Holdings13. Michael SpencerICAP14. Michael BodsonDepository Trust & Clearing Corp.15. Charles LiHong Kong Exchanges and Clearing
16. Chris ConcannonBATS Global Markets17. Christopher PerrettaState Street Corp.18. Antoine ShagouryLondon Stock Exchange Group19. Kevin RheinWells Fargo & Co.20. Neil KatzD.E. Shaw & Co.
21. Lee OleskyTradeweb Markets22. Richard McVeyMarketAxess Holdings23. Seth MerrinLiquidnet Holdings24. Robert AlexanderCapital One Financial Corp.25. Frank BisignanoFirst Data Corp.
26. John MarcanteVanguard Group27. Joseph SqueriCitadel28. Lou EcclestonTMX Group29. Claude HoneggerCredit Suisse30. Chris CorradoMSCI
31. David GledhillDBS Bank32. John BatesSoftware AG33. Michael CooperBT Radianz34. Gary ScholtenPrincipal Financial Group35. Sunil HiranitrueEX Group
36. Hauke StarsDeutsche BÖrse37. Brian ConlonFirst Derivatives38. Jim MinnickeVestment39. Lars Seier Christensen & Kim Fournais40. Tyler KimMaplesFS
41. Jim McGuireCharles Schwab Corp.42. Steven O'HanlonNumerix43. Sebastián CeriaAxioma44. Yasuki OkaiNRI Holdings America45. Stephane DuboisXignite
46. Mazy DarOpenFin47. Brian SentanceXenomorph Software48. Mas NakachiOpenGamma49. John LehnerBNY Mellon Technology Solutions Group50. Jock PercyPerseus