< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud
7
David Craig
President,
Financial & Risk
Thomson Reuters
Last year: 10
Revenue fell 1 percent last year in Thomson Reuters’ $6.6 billion Financial & Risk group — and by the same percentage in this year’s first quarter, to $1.7 billion, year-over-year — but the unit is not devoid of bright spots as president David Craig pushes forward with its transformation into what he terms a “platform” business. “The big focus now is on content,” the 44-year-old Londoner explains. Instead of having to buy discrete legacy products, “now you can access all our content from one single point” on any of three flagship platforms: the Eikon desktop network, Elektron for data feeds and Accelus for governance, risk and compliance (GRC). In one very tangible break from the past, the Reuters 3000 Xtra terminal was discontinued in the first quarter; now more than 120,000 users are on the new-generation Eikon, up from 75,000 in September and 47,000 in March 2013. Customers no longer look to a data provider like Thomson Reuters “as an information service,” Craig asserts. “They want to see us as a full solution.” Now considered a “unified platform,” Financial & Risk, which Craig has headed since a year-end-2011 reorganization, no longer breaks out the results of subunits, but among the company’s 2013 highlights were 11 percent revenue growth for the FXall currency marketplace and 14 percent for the GRC business, launched by Craig in 2010.
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 |
