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The 2014 Tech 50: Gary Scholten

36
Gary Scholten
Chief Information Officer
Principal Financial Group

Chief information officer of Principal Financial Group since 2002 and as of this year an executive vice president, Gary Scholten describes his current priorities in simple, pragmatic terms: “We want to build self-service capabilities to make us easier to do business with.” At the same time, he insists on a certain amount of blue-sky thinking. “All companies are just scratching the surface when it comes to using data in their businesses,” he notes. How these efforts play out could change the way corporations operate, and Scholten wants Principal, a Des Moines, Iowa–based global investment manager and insurer with $483 billion of assets under management, to be prepared. Last year he oversaw a major upgrade of the global research platform for equities, allowing traders and managers using any type of device to integrate external data and complex algorithms into their models. “We can leverage broad amounts of data [in ways that are] really important for risk management and investment performance,” says the 56-year-old, who joined Principal as an assistant planning analyst in 1980 after graduating from the University of Northern Iowa. This year Scholten is focused on “the customer experience,” including website designs and mobile applications. Meanwhile, information security has become an obsession at Principal, and “we’re thinking outside the box,” sharing information with other companies about vulnerabilities and solutions.

The 2014 Tech 50
Click name to view ranking profile.
1
1
3
4
5
Thomas Secunda
Bloomberg
Jeffrey Sprecher
Intercontinental Exchange
Catherine Bessant
Bank of America Corp.
Stephen Neff
Fidelity Investments
Lance Uggla
Markit
6
7
8
9
10
Robert Goldstein
BlackRock
David Craig
Thomson Reuters
Phupinder Gill
CME Group
Anna Ewing
NASDAQ
OMX Group
R. Martin Chavez
Goldman Sachs Group
11
12
13
14
15
Deborah Hopkins
Citi Ventures
Dan Mathisson
Credit Suisse
Daniel Coleman
KCG Holdings
Michael Spencer
ICAP
Michael Bodson
Depository Trust &
Clearing Corp.
16
17
18
19
20
Joe Ratterman
BATS Global Markets
Dominique Cerutti
Euronext
Ron Levi
GFI Group
Gaurav Suri
D.E. Shaw Group
Charles Li
Hong Kong
Exchanges and
Clearing
21
22
23
24
25
Lou Eccleston
S&P Capital IQ
Lee Olesky
Tradeweb Markets
Richard McVey
MarketAxess Holdings
Seth Merrin
Liquidnet Holdings
Antoine
Shagoury

London Stock
Exchange Group
26
27
28
29
30
Christopher
Perretta

State Street Corp.
Kevin Rhein
Wells Fargo & Co.
Peter Carr
Morgan Stanley
Hauke Stars
Deutsche Börse
Robert Alexander
Capital One
Financial Corp.
31
32
33
34
35
David Gershon
SuperDerivatives
Chris Corrado
MSCI
Joseph Squeri
Citadel
Tanuja Randery
BT Global Services
John Bates
Software AG
36
37
38
39
40
Gary Scholten
Principal Financial Group
David Gledhill
DBS Bank
Simon Garland
Kx Systems
Cristóbal Conde
FinTech Innovation Lab
Jeff Parker
EidoSearch
41
42
43
44
45
Kim Fournais &
Lars Seier Christensen

Saxo Bank
Kenneth Marlin
Marlin & Associates
Tyler Kim
MaplesFS
Jim McGuire
Charles Schwab Corp.
Jim Minnick
eVestment
46
47
48
49
50
Steven O’Hanlon
Numerix
Sebastián Ceria
Axioma
Yasuki Okai
Nomura Research Institute
Niki Beattie
Market Structure Partners
Mas Nakachi
OpenGamma

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