< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud
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Kevin Rhein
Chief Information Officer
Wells Fargo & Co.
(PNR)
Wells Fargo & Co. operates in 35 countries and has 70 million customers, including 24 million online and 13 million on mobile devices. Yet senior executive vice president and chief information officer Kevin Rhein manages his dispersed operations and technology team of 24,000 not out of San Francisco, where the $1.5 trillion-in-assets banking company is headquartered, but from Minneapolis, where Rhein, 60, has been based since he joined Norwest Corp. in 1993. Norwest bought Wells in 1998, adopting its storied brand name and tradition of innovation. (Wells was one of the first to offer Internet banking services, circa 1995.) In 2008 the new Wells went coast-to-coast by acquiring North Carolina–based Wachovia Corp., and that reinforced Rhein’s view that Minneapolis, an active airline hub, is “a better place to be.” A University of Chicago MBA and 15-year Citicorp veteran who came to Norwest when it acquired Citibank Arizona, Rhein headed Wells’s card services and consumer lending group before taking over technology in 2011, at the tail end of the deliberately paced and virtually flawless Wachovia integration. Such processes never really end. “The next wave of integration is to further simplify and get more efficient,” he says. Data management advances are “the key to the next stage of providing real-time solutions to our customers’ financial needs.”
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 |
