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The 2014 Tech 50: Michael Bodson

15
Michael Bodson
President and ChiefExecutive Officer
Depository Trust & Clearing Corp.
Last year: 18

Depository Trust & Clearing Corp., the financial industry’s premier posttrade utility, handled $1.6 quadrillion in securities last year. But large-scale, low-unit-cost transaction processing is just part of the value DTCC delivers. Its mission is “mitigating risk, increasing transparency and driving efficiency” for the thousands of institutions that are its customers and owners, president and CEO Michael Bodson tirelessly asserts. In contrast to companies caught up in the heat of day-to-day competition, the New York–based infrastructure operator brings a long-term, big-picture perspective to matters of collective interest, and one particular piece of foresight is about to pay off: Thirteen years after the U.S. securities industry deemed a proposal to shorten the three-day trade settlement cycle “not ready for prime time,” in Bodson’s words, DTCC has the T+2 (trade date plus two days) plan back on track. After the financial crisis, which heightened sensitivity to the operational and counterparty risks that faster turnaround would alleviate, “the industry is moving forward on many of the building blocks outlined earlier and is better prepared to move to T+2,” says the 56-year-old former Morgan Stanley executive, who has headed DTCC since July 2012. On another big issue, cybersecurity, Bodson says collaboration within the financial industry and between the public and private sectors has been “impressive” in identifying and countering threats and that “more of this needs to be done globally.”

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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