Just when you thought it was safe, and Thomson Reuters had seen the worst of the organisational turmoil that has beset it since the departure of Markets CEO Devin Wenig in the summer, the company has announced the new, flatter organisation it will adopt on January 1. There is no place for CEO Tom Glocer, who is retiring.
More fall-out, it seems, from the ongoing restructuring at Thomson Reuters in the wake of former Markets head Devin Wenig’s resignation in the summer, this time within the Enterprise group. Enterprise chief Jon Robson this week announced the departures of enterprise data management head Sally Hinds and trade and risk chief Andy White, with their responsibilities to be taken over, respectively, by Terry Roche and Bernie Battista, the latter on an interim basis.
Following her move from Barings Asset Management (BAM) to Northern Trust at the start of this year, Terri Van Praagh has taken on a new role as senior vice president and head of investment operations outsourcing for the EMEA region. Prior to this role and since January, Van Praagh has been senior vice president and head of market operations for the global custodian.
It seems that 2011 has been another year filled with management shakeups, M&A activity and high profile exits and entrances within the vendor and practitioner communities. EDM solution vendors and data vendors in particular seem to have engaged in an ongoing game of musical chairs, not least of which has been the continued reshuffling at the top of data giant Thomson Reuters (about which we have spent long hours debating the next logical move for the vendor).
A-Team Insight Events combine A-Team's expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners. In 2011, a quality constituency will once again gather for these focused events in London and New York City.
Michele Spong, until last October Executive Director, Global Information Services at Nomura International in London, has emerged as part of the research team at FTSE international. Spong spent almost 20 years working with market data at Nomura, having joined the firm in 1992.
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Before we were rudely interrupted by the Christmas holidays – lovely, thanks, and you? – we were speculating about the emerging structure and population of the executive ranks within president David Craig’s new Financial & Risk operating unit of Thomson Reuters, in essence the successor to the former Thomson Reuters Markets. At least some dust has settled since Craig’s December 19 publication of an organisation chart for his group, so we are able to offer some of the highlights.
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