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The 2014 Tech 50: Kevin Rhein

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Kevin Rhein
Chief Information Officer
Wells Fargo & Co.
(PNR)

Wells Fargo & Co. operates in 35 countries and has 70 million customers, including 24 million online and 13 million on mobile devices. Yet senior executive vice president and chief information officer Kevin Rhein manages his dispersed operations and technology team of 24,000 not out of San Francisco, where the $1.5 trillion-in-assets banking company is headquartered, but from Minneapolis, where Rhein, 60, has been based since he joined Norwest Corp. in 1993. Norwest bought Wells in 1998, adopting its storied brand name and tradition of innovation. (Wells was one of the first to offer Internet banking services, circa 1995.) In 2008 the new Wells went coast-to-coast by acquiring North Carolina–based Wachovia Corp., and that reinforced Rhein’s view that Minneapolis, an active airline hub, is “a better place to be.” A University of Chicago MBA and 15-year Citicorp veteran who came to Norwest when it acquired Citibank Arizona, Rhein headed Wells’s card services and consumer lending group before taking over technology in 2011, at the tail end of the deliberately paced and virtually flawless Wachovia integration. Such processes never really end. “The next wave of integration is to further simplify and get more efficient,” he says. Data management advances are “the key to the next stage of providing real-time solutions to our customers’ financial needs.”

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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