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The 2017 Tech 40: Peter Cherecwich

< The 2017 Tech 4029. Peter CherecwichPresident, Corporate & Institutional ServicesNorthern Trust Corp.Last year: PNR

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.

 The 2017 Tech 40Click below to view profiles
1. Adena FriedmanNASDAQ2. Catherine BessantBank of
America Corp.3. Robert GoldsteinBlackRock4. Jeffrey SprecherIntercontinental Exchange5. Lance UgglaIHS Markit
6. Shawn Edwards & Vlad KliatchkoBloomberg7. David CraigThomson Reuters8. Michael SpencerNEX Group9. Don CallahanCitigroup10. Elisha WieselGoldman Sachs Group
11. Michael BodsonDepository Trust & Clearing Corp.12. Terrence DuffyCME Group13. Charles LiHong Kong Exchanges and Clearing14. Sean BelkaFidelity Investments15. Chris ConcannonCBOE Holdings
16. Guy ChiarelloFirst Data Corp.17. Steven LieblichCitadel18. David RutterR3CEV19. Blythe MastersDigital Asset Holdings20. Alfred SpectorTwo Sigma Investments
21. Neil KatzD.E. Shaw Group22. Lee OleskyTradeweb Markets23. Richard McVeyMarketAxess Holdings24. David GledhillDBS Bank25. Seth MerrinLiquidnet Holdings
26. Antoine ShagouryState Street Corp.27. Peter Brown &
Robert Mercer
Renaissance Technologies28. Lou EcclestonTMX Group29. Peter CherecwichNorthern Trust Corp.30. Mike ChinnS&P Global Market Intelligence
31. Chris CorradoLondon Stock Exchange Group32. Neal PawarAQR Capital Management33. Gary NorcrossFidelity National Information Services34. Steven O'HanlonNumerix35. Sebastián CeriaAxioma
36. Brian ConlonFirst Derivatives and Kx Systems37. Tyler KimMaplesFS38. Michael CooperBT Radianz39. Robert SchifelliteBroadridge Financial Solutions40. Jim MinnickeVestment