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The 2015 Tech 50: Deborah Hopkins

The Citi Ventures CEO climbs to the No. 8 spot on this year’s Tech 50 ranking.

8
Deborah Hopkins
Chief Executive Officer
Citi Ventures

Incubators, accelerators, R&D labs, strategic venture funds — these are routes new technologies travel on their way to market acceptance. To gain insights and prepare themselves for the latest new things, a growing number of financial institutions have taken up one or another of these activities. Citigroup does them all. They are part of the mission of Citi Ventures, a Palo Alto, California–based unit headed by Deborah Hopkins, who is also chief innovation officer of the New York–based parent. “We are a small team of about two dozen,” she says, “supporting a very big company” that has $1.9 trillion in assets, operates in more than 160 countries and employs some 240,000. Citi Ventures is a self-styled “innovation engine,” out to prove that a big industry incumbent can overcome bureaucracy and inertia to thrive in a world changing at what Hopkins calls “exponential speed.” Citi Ventures’ marquee is a venture capital portfolio that made its first investment in 2011, profited from two exits (fraud detection start-up Silver Tail Systems, acquired by EMC Corp. in 2012, and mobile commerce company Shopkick, bought by South Korea’s SK Planet in 2014) and currently holds New Age investment adviser Betterment and payment processor Square, among others. The objective is “bigger than ROI,” says Hopkins, 60, formerly CFO of Boeing Co. and Lucent Technologies and chief operations and technology officer of Citi, who set up shop in Silicon Valley in 2010. Over the past two years, her group has linked Citi’s technology labs around the world into a better-coordinated network, launched a fintech accelerator in Israel and another, multiregional one in partnership with Sunnyvale, California–based Plug and Play Tech Center. “We have to be unencumbered by apparent constraints and think like a start-up, in the boldest way possible, about solving customer problems,” she adds.

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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