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The 2014 Tech 50: Peter Carr

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Peter Carr
Global Head of
Market Modeling
Morgan Stanley

Quantitative methods that in finance have come to be associated with trading and investment strategy need not be limited to those applications, says Peter Carr, one of the field’s premier practitioners and educators. “Our job is to take a complicated reality and try to describe it as parsimoniously as possible,” explains the 55-year-old, who headed Bloomberg’s quantitative research group before moving to Morgan Stanley in 2010 as global head of market modeling. The New York–based investment bank is turning to quantitative analysis to support capital allocation decisions across its business units, says Carr, adding that private equity is a “new sphere that quants are invading.” That’s not to say traditional analytics and risk management are any less demanding of Carr’s time and mental energies. With proprietary trading in decline, his group is applying “smart hedging” to minimize risk in trading positions while maximizing profits. “Whatever the circumstances and the speed with which we are being asked to operate,” Carr says, quantitative finance continues to deliver strategic value, aided by computing advances that “have allowed us to shorten the modeling and research cycle dramatically.” Carr was a Cornell University assistant finance professor from 1988 to 1996 and has been executive director of the master’s program for Mathematics in Finance, part of New York University’s Courant Institute of Mathematical Sciences, since 2003.

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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