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The 2014 Tech 50: Jim McGuire

44
Jim McGuire
Chief Information Officer
Charles Schwab Corp.

Part of Jim McGuire’s job as chief information officer of Charles Schwab Corp. and head of Schwab Technology Services is to vet emerging technologies. He describes the task as “a combination of where do we place bets and where do we take a wait-and-see role.” CIO at the San Francisco–based firm since January 2013, McGuire, 59, is currently weighing a number of cloud computing options, intent on selecting two. “There’s not a huge difference in their technical capabilities,” he says of offerings from the likes of Amazon.com and Microsoft Corp. For Schwab, which has 9.2 million active brokerage accounts and manages $2.35 trillion in client assets, the decision hinges on “which we feel more confident with, in both security and within our regulatory environment.” Schwab itself is a cloud provider of sorts, supporting the back offices of 7,000-plus Schwab Advisor Services clients. A smartphone app launched in February allows investment advisers in the network to put their own brand names on mobile connections with their customers. McGuire, who worked at Schwab from 1997 to 2004 and returned in 2009 after a stint at eBay and its PayPal subsidiary, says cybersecurity is a never-ending battle. “Companies like ours are realizing that [100 percent security] is never going to come.”

The 2014 Tech 50

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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