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The 2014 Tech 50: Chris Corrado
No. 32 Chris Corrado, Chief Information Officer, MSCI
Until last October venerable benchmark indexing company MSCI had never had a chief information officer. Chris Corrado, capping a 33-year career that included stints at several top Wall Street technology shops, is making amends in a hurry. Reporting to chairman and CEO Henry Fernandez, who called the appointment “the ultimate recognition that MSCI is a technology company,” Corrado says he has been aggressive in forging a management framework for technology and data services — functions that account for 45 percent of MSCI’s 2,600 employees — and paving the way for “significant infrastructure investments.” Having a CIO in place “just scratches the surface of the transformation,” adds the 54-year-old. New York–based MSCI today is far more than the index firm formerly known as Morgan Stanley Capital International. A series of acquisitions since 2004, including Barra, RiskMetrics, IPD Group and InvestorForce, have turned $1 billion-in-revenue MSCI into a broad-based provider of performance and risk management tools. “We are creating an integrated platform for risk and portfolio management,” the CIO explains. Platform services will support innovation by developers and ultimately allow clients to perform their own analytics. “We are in a unique position to be at the center of the investment process,” says Corrado, who held senior technology positions at Morgan Stanley from 1985 to 1997 and was most recently head of platform services at UBS.