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The 2014 Tech 50: David Craig

7
David Craig
President,
Financial & Risk
Thomson Reuters

Revenue fell 1 percent last year in Thomson Reuters’ $6.6 billion Financial & Risk group — and by the same percentage in this year’s first quarter, to $1.7 billion, year-over-year — but the unit is not devoid of bright spots as president David Craig pushes forward with its transformation into what he terms a “platform” business. “The big focus now is on content,” the 44-year-old Londoner explains. Instead of having to buy discrete legacy products, “now you can access all our content from one single point” on any of three flagship platforms: the Eikon desktop network, Elektron for data feeds and Accelus for governance, risk and compliance (GRC). In one very tangible break from the past, the Reuters 3000 Xtra terminal was discontinued in the first quarter; now more than 120,000 users are on the new-generation Eikon, up from 75,000 in September and 47,000 in March 2013. Customers no longer look to a data provider like Thomson Reuters “as an information service,” Craig asserts. “They want to see us as a full solution.” Now considered a “unified platform,” Financial & Risk, which Craig has headed since a year-end-2011 reorganization, no longer breaks out the results of subunits, but among the company’s 2013 highlights were 11 percent revenue growth for the FXall currency marketplace and 14 percent for the GRC business, launched by Craig in 2010.

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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