With his Hollywood smile and suave good looks, he’s central casting for the next 007 espionage extravaganza. While you won’t find Thomas Farley outwitting international criminal masterminds anytime soon, you will find this intrepid 39-year-old at the helm of the NYSE.
Big Board’s New Champion
Farley who? You probably recognize his name from last year’s Fortune’s 40 under 40 list when he was listed as one of the most influential young people in business.
Son of a retired federal judge and decorated Vietnam veteran, he is the second-youngest person in history to run the Big Board. An impressive resume for this former Georgetown University baseball player, nicknamed “Solid”, led up to his appointment: by his 30th birthday he was already head of the New York Board of Trade (NYBOT). During his tenure there, Tom completely transformed the former NYBOT (renamed ICE); by doubling the trading volumes the (now) ICE saw a six-fold rise in profits.
His new role might be undeniably daunting. Yet, despite a busy schedule, staying fit is vital for this WWE fan, whose early-morning workout group includes Olympic swimmers Conor Dwyer and Matt Targett, as well as the Australian actor Hugh Jackman!
Mission: Keeping the old man of Wall Street in the game!
Tom’s goal is to revitalize the entire institution by simplifying everything – from the NYSE’s trading systems to its office space and, most importantly, by reshaping its culture. “I told him I want our culture to be the one that survives,” to quote Jeffrey Sprecher, CEO of ICE. Consequently, when Thomas Farley took control of the New York Stock Exchange, he didn’t only overhaul management, he immediately pushed to revamp its entire trading philosophy.
In a world where financial markets no longer need costly physical institutions to handle trades, reviving the 223-year-old icon of capitalism is no easy job! Seem like mission impossible? Not for Tom!
What do you think of Thomas W. Farley, the young President of NYSE Group? Does he inspire you?
Picture above: Courtesy of NYSE