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The 2017 Tech 40: Neil Katz

  • By Peter Vasiliev

21. Neil Katz
Managing Director
D.E. Shaw Group
Last year: 19

Innovation is systematic within D.E. Shaw & Co., the $42 billion alternative-investment firm founded in 1988 by computer scientist and computational finance pioneer David Shaw. Rather than reacting to the latest trends in the IT world, D.E. Shaw relies on the continuous experimentation of its decentralized IT teams, whose good ideas may catch on across the firm. A few years ago, for example, a more efficient framework for quote distribution and market-data dissemination was developed by one group and eventually adopted by others, says managing director Neil Katz, 45, who has been with D.E. Shaw since his 1994 graduation from Stanford University. Katz, who earned degrees in electrical engineering and quantitative economics, manages a team of more than 250 technologists. They participate in hackathons, including an annual competition in India that exposes developers to technologies that might be useful in their regular work. There are also occasional hack weeks in New York, where people are encouraged to work on projects outside their regular priorities. "We've seen some real breakthroughs when people put aside their normal workflow and turn to whatever side projects interest them," Katz says.


The 2017 Tech 40
1. Adena Friedman
NASDAQ
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

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