About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Another One Out the Door at Thomson Reuters: Wenig Departs from Markets Division as Part of Structural Shake up

Subscribe to our newsletter

In yet another shock departure from data giant Thomson Reuters over the last few months, Markets division chief Devin Wenig has left and CEO Tom Glocer is due to take on his responsibilities. Wenig, who has long been thought the natural successor to Glocer, is departing the vendor as part of a management and structural shake up that will see Thomson Reuters divide the Markets division into two operational units.

According to Glocer, this restructuring is to accelerate growth by streamlining the three operational units under the Markets division into two: a combined sales and trading and investment and advisory business; and the Enterprise business (which, for now at least, has not been restructured). Glocer also used the deadly word “synergies” in his justification of the move, which may reflect some degree of dissatisfaction at the top with the division’s lacklustre performance since the launch of its various platforms (Enterprise, Eikon and Elektron).

The departure of Wenig is something of a surprise, given that he has been heavily involved in the strategic integration of Thomson Financial and Reuters and has long been considered Glocer’s right hand man. Back in 2009, for example, both Glocer and Wenig cashed in 300,000 shares to raise around £6 million between them in order to “rebalance” their shares. However, at the time, it was rumoured that the move was to guard against the earnings dip that faced the vendor during the post-crisis market turmoil.

As for the future, perhaps the responsibilities will be handed from Glocer to recently appointed Sales and Trading head Shanker Ramamurthy or Investment and Advisory head Eric Frank…?

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Complex Sanctions Environment Demands Powerful Screening Monitors: SIX Report

Sanctions screening technology has never been more important for financial institutions as new geopolitical and economic threats create the riskiest trading environment in recent history. That is the key finding of a new report, that highlights the need for greater resilience among organisations to the raised threat level faced by the global financial system. In...

EVENT

ExchangeTech Summit London

A-Team Group, organisers of the TradingTech Summits, are pleased to announce the inaugural ExchangeTech Summit London on May 14th 2026. This dedicated forum brings together operators of exchanges, alternative execution venues and digital asset platforms with the ecosystem of vendors driving the future of matching engines, surveillance and market access.

GUIDE

The Reference Data Utility Handbook

The potential of a reference data utility model has been discussed for many years, and while early implementations failed to gain traction, the model has now come of age as financial institutions look for new data management models that can solve the challenges of operational cost reduction, improved data quality and regulatory compliance. The multi-tenanted...