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

Stop Press: Glocer Out as Thomson Reuters Swoops to Flatten Organisation

Subscribe to our newsletter

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.

Taking his place is James C. Smith, recently appointed chief operating officer of Thomson Reuters, who takes on a new structure that finally subsumes Reuters into the Thomson organisation. Gone are the Enterprise and the recently formed Financial Professionals & Markets business units.

In their place, the former Thomson Reuters Markets – created by the merger of Thomson Financial and Reuters – will become the Financial & Risk group, headed by David Craig, most recently head of Thomson Reuters’ Governance, Risk & Compliance group and before that chief strategy officer.

Craig is one of five direct reports to Smith. The others are: Mike Suchsland, president, Legal; Chris Kibarian, president, Intellectual Property & Science; Brian Peccarelli, president, Tax & Accounting; and, intriguingly, Shanker Ramamurthy, who’ll head a new Global Growth Organization as president.

Also reporting to Smith is, among others, former Enterprise head Jon Robson. Robson’s remit is to lead a new business development office. Presumably, this and Ramamurthy’s Global Growth Organization will span the entirety of Thomson Reuters’ scope of activities and not focus merely on financial markets.

Whether this latest organisational move is the last, and whether it will spark yet more change internally, clearly remains to be seen.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Hearing from the Experts: AI Governance Best Practices

The rapid spread of artificial intelligence in the financial industry presents data teams with novel challenges. AI’s ability to harvest and utilize vast amounts of data has raised concerns about the privacy and security of sensitive proprietary data and the ethical and legal use of external information. Robust data governance frameworks provide the guardrails needed...

BLOG

Data’s Role in AI Transition and Value Creation: Data Management Summit London Preview

The rapid adoption of artificial intelligence by financial institutions has required a heavy data management uplift as organisations have upgraded their systems to incorporate the new technology. It has also provided greater opportunity to squeeze even more value from data by enabling its efficient deployment across enterprises. Just how companies manage data for AI to...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...