

Lots of words have been expended on blockchain predictions and punditry, but none quite like those in a recent commentary by Peter Cherecwich, "A Dream of the '90s Lives On: What GSTPA Teaches Us About Blockchain." Northern Trust Corp.'s president of corporate and institutional services (C&IS) concedes that "you have to be over 50" to have any recall of the Global Straight Through Processing Association, which attempted to standardize communications among fund managers, brokerages, and custodians. Cherecwich, 52, thinks GSTPA set a useful precedent. Although the group disbanded in 2002, unable to overcome political and economic obstacles, "there is an unmistakable correlation between the GSTPA's central matching engine concept and the current focus on building common and instantaneous shared transaction records," Cherecwich wrote in the article, posted in May at Pensions & Investments online. Promoted to his current position in January after two years as president of C&IS Americas and seven years heading Global Fund Services, Cherecwich is actively involved in blockchain strategy as an outgrowth of the technology-driven nature of his business. Northern Trust, which has $7.1 trillion in assets under custody and $1 trillion in assets under management, "is a relationship company that operates in a technological environment," says Cherecwich, who joined the Chicago-based organization in 2007 from State Street Corp.
![]() 2. Catherine Bessant Bank of America Corp. ![]() 3. Robert Goldstein BlackRock ![]() 4. Jeffrey Sprecher Intercontinental Exchange ![]() 5. Lance Uggla IHS Markit |
![]() 6. Shawn Edwards & Vlad Kliatchko Bloomberg ![]() 7. David Craig Thomson Reuters ![]() 8. Michael Spencer NEX Group ![]() 9. Don Callahan Citigroup ![]() 10. Elisha Wiesel Goldman Sachs Group |
![]() 11. Michael Bodson Depository Trust & Clearing Corp. ![]() 12. Terrence Duffy CME Group ![]() 13. Charles Li Hong Kong Exchanges and Clearing ![]() 14. Sean Belka Fidelity Investments ![]() 15. Chris Concannon CBOE Holdings |
![]() 16. Guy Chiarello First Data Corp. ![]() 17. Steven Lieblich Citadel ![]() 18. David Rutter R3CEV ![]() 19. Blythe Masters Digital Asset Holdings ![]() 20. Alfred Spector Two Sigma Investments |
![]() 21. Neil Katz D.E. Shaw Group ![]() 22. Lee Olesky Tradeweb Markets ![]() 23. Richard McVey MarketAxess Holdings ![]() 24. David Gledhill DBS Bank ![]() 25. Seth Merrin Liquidnet Holdings |
![]() 26. Antoine Shagoury State Street Corp. ![]() 27. Peter Brown & Robert Mercer Renaissance Technologies ![]() 28. Lou Eccleston TMX Group ![]() 29. Peter Cherecwich Northern Trust Corp. ![]() 30. Mike Chinn S&P Global Market Intelligence |
![]() 31. Chris Corrado London Stock Exchange Group ![]() 32. Neal Pawar AQR Capital Management ![]() 33. Gary Norcross Fidelity National Information Services ![]() 34. Steven O'Hanlon Numerix ![]() 35. Sebastián Ceria Axioma |
![]() 36. Brian Conlon First Derivatives and Kx Systems ![]() 37. Tyler Kim MaplesFS ![]() 38. Michael Cooper BT Radianz ![]() 39. Robert Schifellite Broadridge Financial Solutions ![]() 40. Jim Minnick eVestment |