WSTA Spotlight

In each issue of Digital News, the WSTA will spotlight key individuals who have made or currently make significant contributions to the organization.


December 2019

Bhaskar, RajRaj Bhaskar
WSTA Seminar Content Review Committee

Raj Bhaskar is a Director of Institutional Product Management at E*TRADE. He is responsible for the growth and expansion of the product suite offered to financial advisors and the wealth management community.

“WSTA provides an opportunity to interact with like-minded professionals who are passionate about solving problems of financial advisors and clients. Active involvement with the WSTA Content Review Committee provides a platform to learn and share the latest developments that directly affects the financial services industry.”

Raj has spent more than 25 years in financial services mostly in the online brokerage industry. Over the years, Raj has excelled as a product-centric technology leader with a passion to increase efficiency and solve everyday problems for financial advisors. Prior to joining E*TRADE, Raj was a Director for Institutional Technology at TD Ameritrade. During his 19 year tenure at TD Ameritrade, Raj led application development teams responsible for institutional products offered to financial advisors. He was instrumental in launching VEO One platform which was the first custodial platform to embrace open architecture that enabled integration with other third-party technology platforms within the ecosystem of an independent financial advisor. VEO One has won several industry awards for its innovative technology that streamlines the operational tasks for an advisory firm.

You can connect with Raj via LinkedIn at

September 2019Crandall, Josh

Joshua Crandall
WSTA Digital News Publication Committee

Joshua Crandall is a Vice President in Morgan Stanley’s Technology Division. He is responsible for programs focused on access management to ensure firm assets are properly protected.

Josh is active on the WSTA content committee and previously served on the WSTA board of directors. He has been volunteering his time to WSTA since 2006. In his current role, Josh provides editorial guidance to vendor affiliates to ensure their submissions reach the WSTA audience as effectively as possible.

“The WSTA connects technology practitioners to the marketplace in several mutually-beneficial ways. The seminars and panels benefit engineers and technology management as well as the affiliate companies. The marketplace context and the connections made help everyone make better decisions and therefore better deliveries for their clients.”

Josh’s experiences include professional services, commercial software and a variety of roles in enterprise technology.
He holds both a BA (Economics) and a MBA (Finance) from the University of Massachusetts.

June 2019Crandall, Josh

John Checco
WSTA Board Member

John Checco is Senior VP in the Global Information Security division of a large financial firm where he leads the Research & Innovation Evaluation group foraging for new security technologies/solutions which can bolster the bank’s security posture.

Prior to this position. Mr. Checco had the responsibility as BISO for Global Markets Operations Technology, and has led several efforts for the Global Information Security Assessment Technology Review, Financial Systemic Analysis & Resiliency Center (FSARC), Loaned Executive for Department of Homeland Security’s National Cybersecurity & Communications Integration Center (DHS NCCIC).

“Since 1997 the WSTA has afforded me the exceptional opportunity to learn, connect and grow my career in the industry. Being active in the Strategic Content Advisory Board of the WSTA allows me to share my expertise as well as others’ for the enrichment of the FinTech community at large.”

Outside of work, John continuously presents on a variety of cybersecurity topics at many venues, including at the FBI’s Information Sharing Initiative. He is President Emeritus of NY Metro InfraGard, and co-founded (and co-chairs) the NY Metro Joint Cyber Security Conference ( – a coalition of regional cybersecurity organizations including InfraGard, CSA, ISACA, ISSA, ACFE, HTCIA, (ISC)2 and Internet Society.

John is a volunteer firefighter with specialized training in vehicle extrication, water/ice rescue, and blackwater/emergency response diving. He also works part-time as a NY State Fire Instructor running a boot camp for new firefighters.

May 2019Raja Chris

Raja Chris
WSTA Board Member

Raja Chris is a Director and Head of IT Infrastructure at Annaly Capital management, a diversified capital manager that invests in and finances residential and commercial assets with over $125 billion in their portfolio. At Annaly, Raja is responsible for the design and delivery of next generation products, cloud providers, services, technologies and IT functions critical to achieving Annaly’s strategic growth priorities. He provides leadership for the continued development of an innovative, robust, and secure information technology environment throughout the Company.

“The WSTA’s diverse membership puts it in a unique position to share knowledge with and educate technology professionals regarding current challenges, solutions, and future directions for the industry,” says Raja. “Being part of the WSTA has offered me the unique opportunity to provide members with an education and knowledge sharing platform designed to drive industry-wide changes in future technology, such as Blockchain, CICD, AI, RPA, and Cybersecurity, etc.”

Raja has spent over 20 years engineering solutions and overseeing technology teams in the financial services industry. He has guided global, matrix, and cross-functional teams in IT architecture design, development, and implementation for improved infrastructure stability, performance, and team productivity. His leadership approach is to partner with business leaders and his IT team to drive innovation and use technology as a strategic lever in achieving aggressive growth targets and his vision.

Before joining Annaly, Raja was Head of Engineering and Operations at Nomura Security and led implementation of strategic enterprise architecture methodologies and ensured all processes aligned with corporate technology roadmaps and best practices; established solid systems and policies to enforce architectural review and identified requirements based on company business goals.

Prior to that, Raja held various senior roles at SAC Capital, and Citi Group.

Raja is currently a WSTA Board Member and holds a Bachelor of Science degree in Electrical Engineering from the University of Maryland, College Park, MD.

You can contact Raja via LinkedIn or email him directly at

March 2019James Kostulias

James Kostulias
WSTA President

James Kostulias is Managing Director, Retail Client Experience, at TD Ameritrade. He oversees all aspects of the Client Experience and is responsible for the firms Retail, Learning & Development, Client Segmentation, and LEAN & Problem Solving strategies, as well as the Customer Relationship Management (CRM) system.

Kostulias has more than two decades of experience in the financial services industry and has spent more than 15 of those years with TD Ameritrade across their Retail, Technology, Project Management, Application Development and Active Trader businesses. He’s held a variety of leadership roles within the organization, most recently as Head of the TD Ameritrade and Scottrade Integration where he was responsible for all aspects of integration planning, strategy and execution, balancing four million client accounts to the penny.

Prior to that, he served as Head of eCommerce, leading the digital strategy for web, mobile, social media, market data, and research, after holding TD Ameritrade’s Chief Information Officer position overseeing technology relationship management and project delivery for all business units.

“The WSTA is all about connecting people across the complicated ecosystem of Wall Street Business and technology,” said Kostulias. “As an agnostic not-for-profit, we are in the fortunate position of always being able to put our members needs at the fore-front of our thinking and educational offerings. It’s that unique ability that differentiates us and has been foundational to us for the last 50 years.”

Prior to joining TD Ameritrade, Kostulias was with Datek Online where he held a variety of Operational Management Positions and with Moody’s Investor Services, where he designed and implemented a Global Professional Development Training Program.

James is currently the President of the Wall Street Technology Association, previously sat on the FINRA Technology Advisory Committee, and is a graduate of the SIFMA Securities Institute Program at Wharton. Kostulias holds a bachelor’s degree in Business Administration from Rutgers University and Series 7, 24 and 63, licenses.

You can connect with James via Twitter @jameskostulias

January 2019Paul Sturr

Paul Sturr
Content Advisory Committee & Seminar Review Committee Member

Paul Sturr is the Head of Technology Governance for the Institutional Wealth and Corporate Solutions Technology, part of Morgan Stanley’s Wealth Management Technology division.

As Executive Director of Institutional Wealth and Corporate Solutions Technology, he is responsible for aligning the technology portfolio with the strategic vision and goals of the business; ensuring compliance with the firm’s risk management program; overseeing Quality Assurance; and recently started to serve as an Agile Development Coach.

Since 2012, Paul has been an active member on two WSTA committees. The Seminar Content Review committee ensures that content presented at various technology seminars is tailored to the unique needs of WSTA members. And, as part of the Content Strategy committee, creating the roadmap for programs and content by evaluating the emerging technologies within Financial Services industry.

“The WSTA is in a unique position to bring together the talent of Wall Street technologists and business leaders with leading edge Industry partners. This partnership helps drive innovation and advance the mission of WSTA member firms,” says Paul.

Paul has spent over 30 years in Financial Services technology, including Merrill Lynch and AIG, with a focus on Front to back processing efficiencies, Back Office automation and managing large scale firm wide technology programs. He has a B.S. in Computer Science from Hofstra University.

December 2018Thomas Doughty

Thomas Doughty
WSTA Director

Tom Doughty is Vice President and Chief Information Security Officer at Prudential Financial (NYSE: PRU), a Fortune 500 company that offers financial services and products, including life and group insurance, retirement services, and investment management. The $53 billion financial services leader has more than $1 trillion of assets under management, with 49,000 employees at operations across the United States, Asia, Europe and Latin America.

Tom Joined Prudential in 1998. As CISO since 2006, he has overseen Prudential’s end-to-end information and cybersecurity program, including infrastructure level protections, security-related Policies and Standards, and security operations. While Prudential operated as the only designated non-bank Systemically Important Financial Institution (SIFI), Tom also provided primary oversight and management of Information Technology related regulatory liaison and response. He manages a nearly $120 million annual budget. Prior to Prudential, from 1993 to 1998, he served as a Military Intelligence Officer in the United States Army.

Within Prudential, he leads efforts in business-focused security support, which includes maintaining an effective threat and vulnerability management program to protect core infrastructure, as well as implementing a predictive view of risks while evolving tools, processes and management focus to match emerging exposures. Externally, he spearheads relationships and represents Prudential’s Information Security Program as a cross-industry leader, collaborating with peer companies to assimilate best practices and improve the collective security climate.

Tom observes that “WSTA provides important connectivity between forward looking strategies and daily technology management issues. While today’s pace of change and opportunity is unprecedented, particularly in the Cybersecurity space I focus upon, few of the legacy challenges we face go away as quickly. Our imperatives become cumulative, not just incremental. The information and thought exchange facilitated by WSTA helps us be more efficient as we face and make decisions among extremely dynamic control options.”

Along with serving as a WSTA Director, Tom is also a member of the security steering committee at BITS, the technology policy division of the Financial Services Roundtable supporting C-Suite leaders and industry partners in implementing innovations to fuel economic growth. Tom serves as an advisor and mentor within Columbia University’s Graduate School of Professional Studies.

Tom received a bachelor’s degree in Political Science from the United States Military Academy at West Point and a master’s degree in Business Administration, with a focus on Finance and Information Technology, from New York University’s Stern School of Business.

September 2018

Swamy Kocherlakota
WSTA Director

Swamy Kocherlakota is the Chief Information Officer for S&P Global and a WSTA Director. In his role as S&P Global CIO, he is responsible for driving the company’s digital transformation and delivering productivity improvements for the company’s customers and employees.

Prior to S&P Global, Mr. Kocherlakota was SVP, Global Head of Technology Operations & Infrastructure at Visa, Inc. where he oversaw global infrastructure and applications that processed over 130 billion transactions annually. Before Visa, he was at BNY Mellon as the Head of Global Infrastructure Engineering and Architecture and led their infrastructure transformation. Mr. Kocherlakota holds the recognition of being a distinguished engineer at Lucent Bell Labs where he managed technology for Lucent and its ventures.

Mr. Kocherlakota’s journey with WSTA started more than a decade ago when he joined the seminar content review committee in 2007. During his time in this role, he has contributed to tailoring WSTA’s seminar content series to meet the unique and evolving needs of the organization’s members across today’s dynamic technology landscape.

“At the team and individual levels, organizations must create meaningful channels for everyone to learn and evolve to stay relevant in careers that are now or will soon be augmented by technologies like artificial intelligence and automation. At S&P Global, technology underpins everything we do and is a means to elevate the work our greatest resource—our people—conduct every day as we seek to power the markets of the future,” notes Mr. Kocherlakota. “Along the same vein, WSTA’s mission of promoting industry learning and best practices is highly relevant as technology across the financial industry continues to evolve at a rapid pace.”

Mr. Kocherlakota is a NASD registered representative and has a PhD in Computer Science from Michigan State University.

Connect with Mr. Kocherlakota on LinkedIn or learn more about S&P Global.


August 2018

Mike McGrath
WSTA Director

Mike McGrath is the Head of Digital for Chase Wealth Management Operations. He is responsible for all aspects of Digital Strategy and Planning for Service and Operations where he is helping drive transformation through technology that creates operational scale and efficiencies, manages risk and enables great service experiences.

Mike has spent 20 years in financial services, mostly in the online brokerage industry. Prior to joining JP Morgan Chase in 2016, he was the Managing Director of Web and Mobile Products and Platforms for TD Ameritrade where he led the launch and management of numerous products and innovations, including one of the first investing apps in the Apple app store, multiple website and app launches and the integration of virtual agent, voice and other technologies. Mike spent 17 years in the online brokerage industry, starting at Datek Online in the late 90s, and has had roles in brokerage operations, trading, product management, and technology before spending the last decade focused on digital product management. He holds Series 7, 63, 24, 4 and 55 licenses and a BA in Business Management from The College of New Jersey.


June 2018

Sal Cucchiara
WSTA Director

Sal Cucchiara is Head of Wealth Management Technology for Morgan Stanley and a WSTA director.

As Head of Wealth Management Technology, Sal is responsible for the IT strategy as well as the design, development, delivery and support of commercial systems that drive growth for the Morgan Stanley Wealth Management business. Sal is also a member of Morgan Stanley’s Wealth Management Operating Committee and co-chair of Morgan Stanley’s Technology Philanthropy Committee, which is focused on enabling meaningful change in the community through technology. Sal is also committed to fostering a diverse and inclusive workplace by supporting Morgan Stanley Technology diversity initiatives, including the Wealth Management Technology Women’s Engagement Network.

Prior to joining Morgan Stanley in 2016, Sal worked for 20 years at Bank of America Merrill Lynch, where he was Chief Information Officer and Head of the Wealth & Banking Solutions Technology organization.

Sal is committed to the objectives and spirit of the WSTA. He believes that creating opportunities for collaboration and education in the financial services community helps build partnerships, drive innovation and fortify the role of technology across financial services.

Sal holds an MBA from Fordham University, with a concentration in Information Systems, and a BS in Computer Science from the University of Scranton.



April 2018

Don Anderson
WSTA Boston Expansion Committee Member

Don Anderson is Senior Vice President and CIO at the Federal Reserve Bank of Boston and a member of the WSTA’s Boston Expansion Committee.

At the Boston Fed, he is responsible for the Federal Reserve System’s Financial Management Technology and Shared Services Center, the Bank’s IT and cyber security functions, Real Estate Services and Law Enforcement units. Don is currently a Member of the Bank’s Executive Committee. In 2017, Don was awarded the Boston CIO of the Year ORBiE award by the Boston Business Journal and Boston CIO Leadership Association. Don was introduced to the WSTA by Fed colleague and Board Officer Tom Piderit.

“Boston has an outstanding IT community across a number of diverse industries, and WSTA is the premier network for financial services organizations” says Don about the WSTA in Boston. “Over the last several years, Boston has seen significant growth in our technology, biotech, healthcare and education industries. But the highlight has been the explosion of the Fintech industry at both existing companies and startups. Blockchain, crypto currency, and changes in the payment industry have now become key areas of focus.”

Don holds a BS degree from the University of Connecticut and an MBA from Bentley University, is a founding member of the Advanced Cyber Security Center (ACSC), a Board Member of the Boston CIO Leadership Association and is an active member of the Dana Farber Leadership Council (DFLC).

Contact Info
Twitter: @DonAndersonCIO
Phone: 617-973-3926



March 2018

Johna Till Johnson
WSTA Content Advisory Committee Member

Johna Till Johnson is CEO and founder of Nemertes Research, a research-advisory and consulting company that conducts primary research into technology to enable clients to make fact-based decisions.

As CEO of Nemertes Research, she sets strategy and works with strategic clients, and leads research into areas such as security and risk management, emerging technologies, Internet of Things, and Out of the Labs (scientific and technical research in a university setting). She structures and reviews the company’s research methodology and works with the Nemertes team and clients in developing and validating operational and business metrics against which emerging technology can be validated.

“Technology is the ultimate game-changer, but deploying it effectively requires careful attention to operational best practices and credible metrics,” says Johnson. “The WSTA provides a forum for members to share best practices and insights into what works, what doesn’t work, and how to measure the benefits. I am thankful to be part of this special group of smart, engaged people.”

Johnson holds an electrical engineering/computer science (EE/CS) degree from The Johns Hopkins University and has conducted graduate research in nuclear and particle physics at the University of Rochester, where she was an early user of the Internet (then Arpanet). She has designed embedded speech-synthesis systems for Digitus Corp and developed embedded security systems for Mosler Security Systems. She has worked with many of the world’s leading financial services firms for the past 20 years.


February 2018

Ken DeGiglio
WSTA Director

Ken DeGiglio is the Chief Information Officer of EquiLend and a Director of the WSTA.

As CIO of EquiLend, he is responsible for aligning the firm’s technology vision with business strategy; integrating company processes with the appropriate technologies; and developing and implementing technology solutions for the securities lending marketplace. He manages a senior team of IT professionals and works closely with product owners and other internal stakeholders.

“Technology is the foundation of the global finance industry, and firms recognize that investing in IT is the only way to thrive in an increasingly competitive market,” Ken says. “WSTA not only brings together the individuals across Wall Street who work in the field, but also helps to educate the market and influence technological advancements in the industry. It is an honor to be a part of the organization.”

Ken’s career in financial technology spans nearly 30 years at firms including TD Ameritrade, Morgan Stanley, Robertson Stephens and J.P. Morgan; he also was a founder of Renaissance Trading Technologies. He has a bachelor’s degree with high honors in computer science, systems planning and management from the Stevens Institute of Technology.


January 2018

Shyamal Sen
WSTA Special Advisor

Shyamal has actively participated at WSTA events and committees for the last twenty years.

As a part of Advisory Services at T4S Partners, he specializes on Strategy Consulting, Pilots and Implementations for Application Modernization and Cloud initiatives.

Shyamal was a Partner and CTO of Global Financial Services Consulting at CSC, developing solutions for top international capital markets firms. Prior to this, he worked at Citi and Merrill Lynch for twenty years, where he led large-scale global infrastructure and enterprise systems programs. His areas of expertise include Wealth Management, Low-latency Market Data, Payments, Liquidity and Settlement Systems.

He has a Bachelors in Physics and Masters in Electrical Engineering from The Centre of Advanced Studies in Radio Physics and Electronics in Kolkata, India.

“I am energized to be a part of the community of problem-solvers at the WSTA,” Shyamal notes. “Educational and networking events bring industry leaders together, promoting effective sharing and continuous readiness to meet the challenges in the volatile industry.”

As Chair of the WSTA Content Advisory Committee, he and members from the industry, vendors and analysts develop content for events that help participants understand the industry’s trends and enablers, allowing them to prioritize and optimize their initiatives better.


December 2017

Casey Santos
WSTA Board Member

Casey Santos is the Chief Information Officer of General Atlantic and the First Vice President of the WSTA. As CIO at a private investment firm focused on global growth equity, Casey directs all information technology efforts including driving innovation and digital transformation across the organization, providing global IT infrastructure, and overseeing the firm’s information security program. She serves on a number of advisory boards of General Atlantic’s portfolio companies and other technology vendors. She has been on the board of the WSTA since 2015.

Casey began her career at NASA’s Johnson Space Center for the Space Shuttle program. She then transitioned into information technology serving multiple industries. She became a consultant at McKinsey and Company and later was head of technology for McKinsey’s Investment Office (MIO Partners). She has a BS in Aerospace Engineering from MIT, an MA in International Studies from the University of Pennsylvania, and an MBA from the Wharton School.

As a board member of the WSTA, Casey is an advocate focused on continuing to evolve the organization to best serve the growing and changing technology needs of the financial services industry, while also keeping many of the great professional development and networking aspects of the organization.

As technology continues to innovate and change, Casey finds the seminars and panels to be a great source of new ideas across a spectrum of technology disciplines. This sharing of innovative ideas is critical to ensuring that finance organizations are evolving and remaining innovative despite the many challenges we face in security and maintaining legacy systems.

When asked what the WSTA has to offer organizations, Casey states “The WSTA has a unique offering – providing real-world insights from industry practitioners, as well as leading vendors, across a large variety of technical disciplines. We look forward to continuing to grow the community and offer more unique programming to our members. By doing this, the WSTA is a great resource to ensure the finance industry will continue to evolve and innovate.”


November 2017

Thomas Piderit
WSTA Board Member

Tom is a current WSTA Board member and has been since 2011. He is also a Vice President in the Markets Group at the Federal Reserve Bank of New York. His teams provide support for business applications used by the domestic and foreign trading desks, Treasury auction operations and services provided to foreign central banks and international organizations. Tom shares his enthusiasm for the WSTA by highlighting the dual opportunity it provides for those in the financial services industry to learn about new and evolving technologies being deployed in firms, while networking with those in similar roles who likely face the same day-to-day as well as strategic challenges. He often observes that those who have participated in WSTA events invariably extol the benefits drawn from their experience without a big investment of time and comments, “We want to keep sharing this tool with others in the financial services community so they too can leverage these benefits while broadening the network of participants the WSTA is built on.”

The views expressed by Thomas Piderit are his own and do not necessarily reflect the views of the Federal Reserve Bank of New York or the Federal Reserve System.


September 2017

Madge Meyer
WSTA Board of Directors (2003– 2012)

Madge Meyer was a WSTA Board member from 2003 to 2012. She was also Executive Vice President, Chief Innovation Officer and Technology Fellow at State Street Corporation. Madge has been recognized externally with 16 personal awards and honors for her industry and community achievements, with Technology innovation being a major focus. Madge was simultaneously working actively with WSTA on hosting many technology events, for sharing new and current technologies and best practices among members. Collaboration has proved to be the best for innovation.
Now, Madge is a public speaker, award-winning author, and – as the founder of “Madge Meyer Consulting, LLC” – is known for her unique yet practical approach to advancing innovation and leadership throughout entire organizations. Her book, which is titled “The Innovator’s Path” and subtitled “How Individuals, Teams, and Organizations Can Make Innovation Business as Usual”, became a 2014 Axiom Business Book Award winner in the Success/Motivation/Coaching category. Madge believes passionately in making innovation “Business-as-Usual” – for continually developing and implementing new ideas and solutions that create business value and increase competitive advantage.



August 2017

John Faccibene Senior
WSTA Board of Directors (1982– 1998)

As the WSTA continues to celebrate 50 years as the premier organization for financial IT professionals, the Board and management team would like to extend a special thanks to John Faccibene Senior for all his contributions to the organization.

As a founding member and throughout the years until he left the Board in 1998, John was instrumental in developing the vision and the strategic direction for the organization. He also developed many programs, such as the Affiliate Program, started in 1988, which continues to be an important component of the WSTA’s success today.

Throughout his tenure, John held the position of WSTA President for four years, as well as serving in other Board positions and volunteering for many committees. Even after he resigned from the Board to pursue other opportunities, he continued to reach out to the management team to brainstorm about industry trends, challenges, and emerging technologies.

The WSTA truly owes John a tremendous amount of gratitude for all of his contributions over the years and for helping to make the WSTA the successful organization it is today!

John Faccibene Sr, Principal at Ipower Technology Solutions, can be reached via LinkedIn.


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