< The 2016 Tech 50

At the World Economic Forum meeting in Davos, Switzerland, in January, David Craig’s business card was a conversation piece: Printed on it is a bar code that when scanned displays his Thomson Reuters Permanent Identifier, or PermID. The New York–based media and information company has created some 200 million such codes for people, legal entities and securities in a drive to automate and secure identification processes in an increasingly digital marketplace. One area where strong identification is currently lacking is the blockchain, which was designed to protect anonymity. “We believe that transactions cannot be anonymous in a trusted world,” says Craig, 46, president of Thomson Reuters Financial & Risk, which accounts for half of the corporation’s $12.2 billion in annual revenue. “While you might not want the market to know who your counterparty is, you need to know.” PermID is being offered to various blockchain and federated-identity initiatives, and is being rolled out on World-Check, Thomson Reuters’ anti-money-laundering and know-your-customer compliance service. Financial & Risk, the unit Craig has headed since 2011 — three years after Thomson Corp.’s $17 billion acquisition of Reuters Group — has consolidated more than 850 products into some 150 offerings on three flagship platforms: the Eikon desktop, Elektron for data and trading applications, and Accelus for governance, risk and compliance. “We’ve moved from product to platform, which for us is about a business model, not just a technology play,” Craig explains. Under the open platform model, third-party developers and clients can create applications and integrate them into their Eikon terminals. The App Studio, launched in October, is generating a regular flow of new programs from independent software developers in what amounts to an expanding ecosystem for innovation. “I really admire these fintech companies that I spend a lot of time with,” Craig says. “Five men and women in a garage can do a lot at the moment.”

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The 2016 Tech 50

1. Catherine Bessant Bank of America Corp. 2. Jeffrey Sprecher Intercontinental Exchange 3. Lance Uggla Markit Model Portfolios to Deliver Alternative Asset Exposure Sponsored by BlackRock April 29, 2025 4. Phupinder Gill CME Group 5. Shawn Edwards and Vlad Kliatchko Bloomberg 6. R. Martin Chavez Goldman Sachs Group

7. Robert Goldstein BlackRock 8. Adena Friedman Nasdaq 9. Deborah Hopkins Citi Ventures 10. Daniel Coleman KCG Holdings 11. Stephen Neff Fidelity Investments 12. David Craig Thomson Reuters

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. Blythe Masters Digital Asset Holdings 18. David Rutter R3CEV

19. Neil Katz D.E. Shaw & Co. 20. Lee Olesky Tradeweb Markets 21. Richard McVey MarketAxess Holdings 22. Seth Merrin Liquidnet Holdings 23. Robert Alexander Capital One Financial Corp. 24. Brad Katsuyama IEX Group

25. Antoine Shagoury State Street Corp. 26. David Gledhill DBS Bank 27. Lou Eccleston TMX Group 28. Andreas Preuss Deutsche BÖrse 29. Dan Schulman PayPal Holdings 30. Scott Dillon Wells Fargo & Co.

31. Mike Chinn S&P Global Market Intelligence 32. Craig Donohue Options Clearing Corp. 33. Gary Norcross Fidelity National Information Services 34. Steven O'Hanlon Numerix 35. Sebastián Ceria Axioma 36. Michael Cooper BT Radianz

37. Tyler Kim MaplesFS 38. Neal Pawar AQR Capital Management 39. David Harding Winton Capital Management 40. Chris Corrado London Stock Exchange Group 41. Brian Conlon First Derivatives 42. Jim Minnick eVestment

43. Stephane Dubois Xignite 44. Mazy Dar OpenFin 45. Yasuki Okai NRI Holdings America 46. Kim Fournais Saxo Bank 47. Jock Percy Perseus 48. Robert Schifellite Broadridge Financial Solutions

49. Brian Sentance Xenomorph Software 50. Pieter van der Does Adyen