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The 2015 Fintech Finance 35: P. Howard Edelstein, REDI Holdings

No. 30 P. Howard Edelstein, REDI Holdings

P. Howard Edelstein
REDI Holdings

Thirty years in financial technology have neither dampened P. Howard Edelstein’s enthusiasm for the industry nor lessened the number of hats he wears in bringing new ideas to fruition. He has run businesses, engineered turnarounds and played key roles in negotiating and overseeing joint ventures like New York–based REDI Holdings, the former Goldman Sachs Group trading technology enterprise, of which he has been chairman since February 2014. Edelstein is also a director of research data company Alacra, which was acquired September 30 by compliance systems company Opus Global; lead independent director of AcadiaSoft, a collateral management market player whose 13-member ownership group he helped pull together; and strategic adviser to, and equity investor in, fixed-income trade information platform Algomi. All this after being CEO of multiple tech enterprises: Thomson Financial Electronic Services Group, a posttrade processing business that he merged in 2001 with Depository Trust & Clearing Corp. to form Omgeo; Radianz, a telecommunications cloud infrastructure that BT Group acquired from Reuters Group in 2005; trading technology company NYFIX, which NYSE Euronext bought in 2009; and BondDesk Group, which Tradeweb Markets took over in 2013. “People come to me for help,” Edelstein explains. “If I get excited about it, I stay,” whether as adviser, mentor, director or investor. He considers “learning machines” — advanced intelligence that AcadiaSoft and Algomi, among others, are working on — “the next frontier in fintech,” along with cybersecurity solutions based on analysis of behavioral patterns, now being pioneered by Israeli company BioCatch. And he hasn’t overlooked the highly touted blockchain, which he used when making a small investment in Pivit, a predictive gaming application. “You get an encrypted key with unique ownership information,” says Edelstein, who has an MS degree in electrical engineering and information sciences from Stanford University and will only admit to being in his late 50s. “It was like the first time I did a paperless trade or used e-mail.”

The 2015 Fintech Finance 35

1. James Robinson III
& James Robinson IV
RRE Ventures
2. Jane Gladstone
Evercore Partners
3. Matthew Harris
Bain Capital Ventures
4. Steven McLaughlin
Financial Technology Partners
5. Jonathan Korngold
General Atlantic
6. Richard Garman &
Brad Bernstein
FTV Capital
7. Amy Nauiokas & Sean Park
Anthemis Group
8. Thomas Jessop
Goldman Sachs Group
9. Meyer (Micky) Malka
Ribbit Capital
10. Hans Morris
Nyca Partners
11. Maria Gotsch
Partnership Fund for New York City
12. Marc Andreessen
Andreessen Horowitz
13. Barry Silbert
Digital Currency Group
14. Jay Reinemann
Banco Bilbao Vizcaya Argentaria
15. Mariano Belinky
Santander InnoVentures
16. François Robinet
AXA Strategic Ventures
17. Vanessa Colella
Citi Ventures
18. Alan Freudenstein & Gregory Grimaldi
Credit Suisse
19. Justin Brownhill & Neil DeSena
SenaHill Partners
20. Rodger Voorhies
Bill & Melinda Gates Foundation
21. Michael Schlein
Accion International
22. Kenneth Marlin
Marlin & Associates
23. Rumi Morales
CME Ventures
24. Mark Beeston
Illuminate Financial Management
25. Vladislav Solodkiy
26. Fabian Vandenreydt
Innotribe SWIFT
27. Derek White
28. Alex Batlin
29. Jeffrey Greenberg
& Vincenzo
La Ruffa
Aquiline Capital Partners
30. P. Howard Edelstein
REDI Holdings
31. Nektarios Liolios
Startupbootcamp FinTech
32. Roy Bahat
Bloomberg Beta
33. Andrew McCormack
Valar Ventures
34. Lawrence Wintermeyer
Innovate Finance
35. Janos Barberis
FinTech Hong Kong

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