The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Andrew’s Blog – Bring In the Stormtroopers

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.

“Sally Hinds, global head of enterprise data management, has decided to leave Thomson Reuters,” said a Thomson Reuters spokesman in a statement. The enterprise data management business is subsequently being shifted to sit alongside Roche’s existing Elektron Real-Time and Enterprise Platform businesses, he says, “with the aim of creating a unified platform offering” that will incorporate these with the Velocity Analytics business.

Presumably Enterprise content – non-real-time – remains with Gerry Buggy under this scenario, which brings together Enterprise Platform for Real-Time – the former Reuters Market Data System (RMDS) – and Enterprise Platform for Data Management in a logical way. Ditto DataScope.

As for Hinds, who has been in the role for just a year, word is that she is heading for Bloomberg to head up enterprise data there, although that remains unconfirmed. It won’t have escaped Thomson Reuters’ attention that the former head of Enterprise Data, Roseann Palmieri, made the same trip – albeit across Midtown Manhattan – earlier this year.

Meanwhile, over at Trade and Risk Management, which you’ll recall is in the process of being sold to a private equity firm, “Andy White, global head of Trade and Risk Management, has left the company as of November 4,” according to the Thomson Reuters spokesman. “Bernie Battista, global head of commercial alliances, enterprise solutions, who has been assisting with management of the Trade and Risk Management business in recent weeks, will lead the business on an interim basis, pending completion of the planned acquisition by Vista Equity Partners, anticipated for 31 January, 2012.”

No change in plans there, then, except we had assumed that White would continue to lead the business post-divestment, there having been a significant management ownership element to the deal. There is no official line on why White is leaving, and those in the know downplay talk of it having anything to do with a bid for the Trade and Risk Management business from Misys, White’s former employer.

Related content

WEBINAR

Recorded Webinar: Maximising success when migrating big data and analytics to cloud

Migrating big data and analytics workflows to the cloud promises significant cost savings through efficient use of infrastructure resources and software that scales dynamically based on data volume, query load, or both. These are valuable gains for investment banks, but they can only be fully realised by taking a new approach to architecture and software...

BLOG

One Year On: Banks Resume Prioritization of FRTB, but Same Challenges Persist

By: Essan Soobratty, Regulatory Product Manager, and Eugene Stern, Head of Market Risk Product, Bloomberg. One year on from the start of the global pandemic which sent global markets into turmoil and prompted regulators to introduce a range of emergency measures to support the financial system and the broader economy, banks are continuing their return...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual brings together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

Corporate Actions USA 2010

The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...