When IntercontinentalExchange (see Jeffrey Sprecher, No. 1) announced its takeover of NYSE Euronext in December 2012, it was clear that the Euronext part of that company would be charting an independent course. Once the $11 billion deal was completed in November 2013, Dominique Cerutti became CEO of the pan-European exchange operator, preparing for an IPO and what he sees as “a new era and new chapter” for Euronext’s bourses in Amsterdam, Brussels, Lisbon, London and Paris. One sign of Euronext’s new energy, the 53-year-old notes, is that as of April 2014 it had introduced more derivatives products in four months than it had in the previous two years. Cerutti believes that Euronext, which earned $36 million on $139 million in revenue in the first quarter, can help accelerate the Continent’s recovery, particularly by serving capital-hungry small and medium-size enterprises. Cerutti spent 23 years with IBM Corp. internationally before then–NYSE chief executive Duncan Niederauer hired him in 2009 as global head of technology as well as president and deputy CEO. Overseeing an expanding technology infrastructure, Cerutti championed the multi-asset-class, multicurrency Universal Trading Platform. In March, UTP was endorsed by exchanges in Jordan, Lebanon, Oman and Tunisia. That strategic relationship, Cerutti says, “will build closer ties with European investors and help develop markets” in the Middle East and North Africa.
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The 2014 Tech 50