< 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
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Dave Cross
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IAN CURCIO 2011
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FayFoto/Boston
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Teri Pengilley
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| Thomas Secunda Bloomberg | Jeffrey Sprecher Intercontinental Exchange | Catherine Bessant Bank of America Corp. | Stephen Neff Fidelity Investments | Lance Uggla Markit |
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Photographer:Charlie Simokaitis
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Mark McQueen
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| Robert Goldstein BlackRock | David Craig Thomson Reuters | Phupinder Gill CME Group | Anna Ewing NASDAQ OMX Group | R. Martin Chavez Goldman Sachs Group |
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Christopher Elston
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| Deborah Hopkins Citi Ventures | Dan Mathisson Credit Suisse | Daniel Coleman KCG Holdings | Michael Spencer ICAP | Michael Bodson Depository Trust & Clearing Corp. |
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Todd Plitt
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| 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 |
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Larry Lettera/ Camera 1
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XT
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| Lou Eccleston S&P Capital IQ | Lee Olesky Tradeweb Markets | Richard McVey MarketAxess Holdings | Seth Merrin Liquidnet Holdings | Antoine Shagoury London Stock Exchange Group |
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Production
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Wayne R. Martin
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Thorsten Jansen
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Adam B. Auel
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| Christopher Perretta State Street Corp. | Kevin Rhein Wells Fargo & Co. | Peter Carr Morgan Stanley | Hauke Stars Deutsche Börse | Robert Alexander Capital One Financial Corp. |
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Paul Elledge
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Stephen Brashear
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| David Gershon SuperDerivatives | Chris Corrado MSCI | Joseph Squeri Citadel | Tanuja Randery BT Global Services | John Bates Software AG |
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Photo Credit: Kevin Irby
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| Gary Scholten Principal Financial Group | David Gledhill DBS Bank | Simon Garland Kx Systems | Cristóbal Conde FinTech Innovation Lab | Jeff Parker EidoSearch |
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Jeff Smith Photo
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| Kim Fournais & Lars Seier Christensen Saxo Bank | Kenneth Marlin Marlin & Associates | Tyler Kim MaplesFS | Jim McGuire Charles Schwab Corp. | Jim Minnick eVestment |
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tomohisa ichiki
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David Poultney
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A.E. Fletcher Photography
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| Steven O’Hanlon Numerix | Sebastián Ceria Axioma | Yasuki Okai Nomura Research Institute | Niki Beattie Market Structure Partners | Mas Nakachi OpenGamma |
