The 2015 Tech 50: Christopher Perretta

< The 2015 Tech 50: Racers to the Edge

17
Christopher Perretta
Chief Information Officer
State Street Corp.
Last year: 26

The verdict is in on the Business Operations and Information Technology Transformation program that State Street Corp. began in 2010: more than $625 million in annualized pretax savings, fully realized this year. That is how it was reported to shareholders, anyway. To executive vice president and chief information officer Christopher Perretta, the official completion of the IT transformation, a bold and leading-edge commitment to cloud computing at the time of the project’s launch, is but “an opening gambit that whetted our appetite for more and better things. We are continuing on toward the digital enterprise.” Now it gets interesting, the 57-year-old says, because the process of exploring and mining the technology’s full potential will be ongoing and iterative. Coming from an electrical engineering background — bachelor’s degree from Johns Hopkins University, master’s from Syracuse University — and having been exposed to industrial processes while a financial executive with General Electric Co. and a consultant with Andersen Consulting, Perretta views big-data opportunities through a manufacturing lens. “Like moving steel through a factory, one piece of data links to another, like in an assembly line,” he explains. “Getting it to flow as seamlessly as possible leads to more insight.” Unleashing the assembled computing power, which can perform in minutes or hours what used to take days or weeks, “we can interrogate our systems, leading to increased transparency, better interactions with clients and more-efficient supply chains,” he adds. At State Street since 2007 and overseeing more than 5,000 employees and contractors, Perretta says the “fully automated factory” also must stress reliability. This increases demand on the “factory floor” for “operations research types who pull systems apart and engineer them to improve performance.”

See the full story, “The 2015 Tech 50: Racers to the Edge.”

The 2015 Tech 50

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1. Jeffrey Sprecher Intercontinental Exchange 2. Catherine Bessant Bank of America Corp. 3. Phupinder Gill CME Group 4. Lance Uggla Markit 5. Robert Goldstein BlackRock

6. Shawn Edwards & Vlad Kliatchko Bloomberg 7. R. Martin Chavez Goldman Sachs Group 8. Deborah Hopkins Citi Ventures 9. Stephen Neff Fidelity Investments 10. Adena Friedman Nasdaq OMX Group

11. David Craig Thomson Reuters 12. Daniel Coleman KCG Holdings 13. Michael Spencer ICAP 14. Michael Bodson Depository Trust & Clearing Corp. 15. Charles Li Hong Kong Exchanges and Clearing

16. Chris Concannon BATS Global Markets 17. Christopher Perretta State Street Corp. 18. Antoine Shagoury London Stock Exchange Group 19. Kevin Rhein Wells Fargo & Co. 20. Neil Katz D.E. Shaw & Co.

21. Lee Olesky Tradeweb Markets 22. Richard McVey MarketAxess Holdings 23. Seth Merrin Liquidnet Holdings 24. Robert Alexander Capital One Financial Corp. 25. Frank Bisignano First Data Corp.

26. John Marcante Vanguard Group 27. Joseph Squeri Citadel 28. Lou Eccleston TMX Group 29. Claude Honegger Credit Suisse 30. Chris Corrado MSCI

31. David Gledhill DBS Bank 32. John Bates Software AG 33. Michael Cooper BT Radianz 34. Gary Scholten Principal Financial Group 35. Sunil Hirani trueEX Group

36. Hauke Stars Deutsche BÖrse 37. Brian Conlon First Derivatives 38. Jim Minnick eVestment 39. Lars Seier Christensen & Kim Fournais 40. Tyler Kim MaplesFS

41. Jim McGuire Charles Schwab Corp. 42. Steven O’Hanlon Numerix 43. Sebastián Ceria Axioma 44. Yasuki Okai NRI Holdings America 45. Stephane Dubois Xignite

46. Mazy Dar OpenFin 47. Brian Sentance Xenomorph Software 48. Mas Nakachi OpenGamma 49. John Lehner BNY Mellon Technology Solutions Group 50. Jock Percy Perseus