Each year Wall Street & Technology's Gold Book shines a spotlight on a few of the industry's most innovative technology leaders. Now in its sixth year, the Gold Book has collectively profiled more than 100 CIOs and CTOs from across the capital markets industry in an attempt to bring attention to innovative ideas, new technologies, unique projects and powerful management philosophies.
Over the years, innovation, efficiency and speed have been the resounding themes - except for 2009, when the Gold Book honorees were grappling with major cost-reduction mandates as the financial crisis came to a head. In 2010, it seems cost containment, while still important, has again taken a back seat to the themes that the Gold Book originally was conceived to highlight.
The honorees in this year's Gold Book are a diverse lot, coming from an exchange, two large global banks, an investment adviser/fund management firm and an online foreign exchange trading firm. Although their business models are very different, all of these companies are growing, and the Gold Book honorees are working to keep pace with expansion, while at the same time providing innovative solutions to support clients and employees.
Kevin Kometer, CIO at CME Group, is dealing with annual double-digit percentage transaction volume growth, while Andrew Haines, CIO at Gain Capital, the online FX firm, is dealing with an explosion in the number of clients his company serves. John Fiore, CIO at BNY Mellon, has been dealing with growth of a different sort: the acquisition and merger of employees and systems from Mellon Financial. Meanwhile, Baron Capital CIO Larry Cohn and his small 90-person IT team are working quickly (and efficiently) to revamp systems and deploy new services and technology. And finally, CIO Chris Perretta recently named a chief scientist to help drive creativity and innovation at State Street.
So even as the industry continues to deal with the regulatory fallout of the financial crisis, it's clear that innovation is alive and well on Wall Street. For more on how the 2010 Gold Book honorees are driving the future of the capital markets, check out their individual profiles: