The 2014 Tech 50: Joseph Squeri

< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud

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Joseph Squeri
Chief Information Officer
Citadel
(PNR)

Chicago-based hedge fund firm Citadel evolved into a technology powerhouse during Tom Miglis’s 13-year run as CIO. Miglis (No. 19 last year) retired in March and handpicked his successor, Joseph Squeri, who came on board last October. A 29-year Wall Street veteran, Squeri was most recently CIO of Barclays’ capital markets and asset management businesses. Citadel, which has $20.1 billion under management, offered “a tremendous opportunity to come to the buy side,” says Squeri, who earned a BS in computer science from City University of New York and an MBA from Pace University’s Lubin School of Business. “Marrying technology as a competitive advantage with finance” is how the 50-year-old describes his role. “It’s somewhat of a cliché, but in finance, technology is a key driver of the business.” Squeri oversees technology in the asset management, Citadel Securities and Citadel Technology business units. The last, a five-year-old provider of investment management systems to other firms, entered into a partnership last fall with Goldman Sachs Group spin-off REDI Global Technologies to create what was billed as an “unparalleled end-to-end solution” combining order, execution and position management. Citadel also offers technology to the sell side on a “white label” basis and continues a sales and operational relationship with Northern Trust Corp., which acquired Citadel’s hedge fund administration business in 2011.

The 2014 Tech 50

1 Dave Cross	1	3 IAN CURCIO 2011	4 FayFoto/Boston	5 Teri Pengilley
Thomas Secunda Bloomberg	Jeffrey Sprecher Intercontinental Exchange	Catherine Bessant Bank of America Corp.	Stephen Neff Fidelity Investments	Lance Uggla Markit
6	7	8 Photographer:Charlie Simokaitis	9	10 Mark McQueen
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 Christopher Elston
Deborah Hopkins Citi Ventures	Dan Mathisson Credit Suisse	Daniel Coleman KCG Holdings	Michael Spencer ICAP	Michael Bodson Depository Trust & Clearing Corp.
16	17	18 Todd Plitt	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 Larry Lettera/ Camera 1	22	23	24 XT	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 Production	27 Wayne R. Martin	28	29 Thorsten Jansen	30 Adam B. Auel
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 Paul Elledge	34	35 Stephen Brashear
David Gershon SuperDerivatives	Chris Corrado MSCI	Joseph Squeri Citadel	Tanuja Randery BT Global Services	John Bates Software AG
36	37	38	39 Photo Credit: Kevin Irby	40
Gary Scholten Principal Financial Group	David Gledhill DBS Bank	Simon Garland Kx Systems	Cristóbal Conde FinTech Innovation Lab	Jeff Parker EidoSearch
41	42 Jeff Smith Photo	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 tomohisa ichiki	49 David Poultney	50 A.E. Fletcher Photography
Steven O’Hanlon Numerix	Sebastián Ceria Axioma	Yasuki Okai Nomura Research Institute	Niki Beattie Market Structure Partners	Mas Nakachi OpenGamma