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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.

R. Martin Chavez
Chief Information Officer
Goldman Sachs Group

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

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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