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

Thomson Reuters Finally Fills S&T Top Slot

Subscribe to our newsletter

Filling a longstanding void at the top of its Sales & Trading business unit, Thomson Reuters has named former IBM general manager for banking and financial markets Shanker Ramamurthy as president, Sales & Trading, effective June 20. The top slot at Thomson Reuters’ largest operating unit, with revenues of $3.5 billion and 2,700 staff, had been open since the departure of Mark Redwood almost a year ago.

Notwithstanding the lengthy recruitment process – which had led to some speculation that the post would never be filled, ahead of a putative packaging of Thomson Reuters Markets for a sale – Ramamurthy’s appointment comes as something of a surprise. His emergence follows apparently protracted discussions with the chief technical or information officer of a major Swiss bank, and indeed speculation that Enterprise’s Jon Robson might take the helm of a combined business unit. In the event, neither of these options transpired, and whether they contributed to the delay in filling the post we’ll probably never know.

For his part, Ramamurthy joins the company, in New York, with a remit “to accelerate the growth of its Sales & Trading business, support the ongoing development of Thomson Reuters Eikon, the company’s premier financial desktop and mobile platform, and increase its participation in electronic trading marketplaces.”

That mandate appears to fit well with his previous role, where he had “global responsibility for accelerating revenue growth and profitability of IBM’s Banking and Financial Markets business across services, software and hardware.” Before he was given all of IBM’s banking and financial markets to run, he was head of the group’s global business services group. Before that, he was lead partner for PricewaterhouseCoopers’ Financial Services Strategic Consulting Practice.

Ramamurthy’s appointment is being supplemented with the addition of Bill Harts, who also joins Thomson Reuters as head of strategy for Sales & Trading. Reporting to Ramamurthy, Harts joins from Bessemer Venture Partners. Harts has long been involved in electronic and algorithmic trading, with tenures at Nasdaq and Citigroup, among others.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to gain operational efficiency in corporate actions processing

While the risk associated with corporate actions is well established, many financial institutions continue with manual processing in the back office. More often than not, corporate actions information is manually keyed in and event processing lacks automation. This results in operational inefficiency, and financial risk due to missed events or simply getting it wrong. These...

BLOG

A-Team Group Announces Winners of TradingTech Insight Awards Europe 2024

A-Team Group has announced the winners of its TradingTech Insight Awards Europe 2024. The awards recognise excellence in trading solutions and services, and focus on vendors providing exceptional trading infrastructure, trading technology and data solutions to capital markets participants in Europe. The awards were presented during a celebratory drinks reception at the end of A-Team...

EVENT

Data Management Summit London

Now in its 14th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...