< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud
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David Gledhill
Head of Group Technology and Operations
DBS Bank
Last year: 45
DBS used to be spelled out as Development Bank of Singapore. Digital Bank of Singapore might be more apt these days. “In the past 12 months, we have been focusing on innovating to shape the future of banking,” says David Gledhill, head of group technology and operations. “We need to truly understand what our customers need and want.” For starters, DBS formed a digital banking organization and earmarked 200 million Singapore dollars ($160 million) over three years to “better integrate banking into our customers’ lifestyle.” This high-tech thrust, designed to “up the ante on innovation,” is “aligned across the businesses as well as support units of the bank,” explains Gledhill, 52, who joined S$402 billion-in-assets DBS in 2008 after heading Asian investment banking operations for JPMorgan Chase & Co. In April, DBS hired MasterCard Labs vice president Neal Cross as chief innovation officer to accelerate what Gledhill terms “mapping digital engagement.” Related moves this year include working with IBM Corp.’s Watson technology to develop big-data analytics, and formation of a joint R&D lab with the A*STAR Institute for Infocomm Research. “We are seeing competition from the likes of Alibaba, Baidu, Google, PayPal and telcos,” Gledhill says. “The rules of the game are changing.”
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 |
