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The 2015 Tech 50: Robert Goldstein

The BlackRock COO jumps to No. 5 on this year’s Tech 50 ranking.

5
Robert Goldstein
Chief Operating Officer
BlackRock

Robert Goldstein has been COO of BlackRock since July 2014. At the same time, he remains global head of BlackRock Solutions, the technology arm of the money management colossus, which as of March 31 had $4.8 trillion in assets. Goldstein was with that risk-focused systems business at its launch in 1999, five years after he joined the New York–based firm with an economics degree from Binghamton University, and has led it since 2009. Last year the unit generated $635 million in revenue, 10 percent more than in 2013 (whereas BlackRock’s revenue as a whole rose 9 percent, to $11.1 billion). Yet for futuristic insights, this 41-year-old leader among financial technology luminaries observes his 12- and 13-year-old children and their comfort level with programs like Google Docs, designed for simultaneous collaboration by teams of users. “In the workplace five people don’t work on one document at once — I work on it tonight, I e-mail it to you, and so on,” he says. The contrast tells him that “the next generation will think differently about how existing technology winds up being used and will think differently about investing, servicing clients, communicating and managing.” Changing technologies and behaviors are very much here-and-now issues for Goldstein. Big data, for one, is “beyond anything we’ve seen, and it’s going to continue to get bigger,” he says. “It will create a different expectation for what it means to do your job. Being a data scientist will wind up being part of everyone’s job.” In the immediate quest to improve fixed-income liquidity, BlackRock Solutions’ buy-side customer base leverages its Aladdin network to achieve greater transparency across multiple venues.

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
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

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