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’ Redwood Steps Down; What’s Next?

Subscribe to our newsletter

The resignation this week of Mark Redwood, head of Thomson Reuters Markets’ Sales & Trading unit, confirms Step 2 of the three-step CEO succession scenario we outlined back in March. But it appears that despite two of our three predictions coming to pass, Thomson Reuters will look outside the firm when it moves to name a successor to Markets head Devin Wenig when he assumes a role within Thomson Reuters corporate.

You’ll recall our Macbethian timeline suggested that Research & Advisory head Eric Frank would relocate from his New York base to Hong Kong. Sure enough, he did.

It suggested that Redwood would resign in the summer. It’s summer, and he resigned on June 30 to join a Nottingham-based startup, funded by Thomson Reuters. Details to follow.

But our timeline also suggested that Enterprise head Jon Robson was in line to take the top slot at Markets. Alas, that appears not to be the case. Thomson Reuters will bring in talent from outside to lead its most important business unit, we are hearing.

It will be tantalising to see whether Thomson Reuters opts for a seasoned executive from the vendor community, or continues its recent propensity to delve into the banking world to fill the slot. Or indeed, goes outside of finance altogether.

This one has a long way to run.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Data Management – A Finance, Risk and Regulatory Perspective

This webinar has passed, but you can view the recording here. With financial institutions acquiring international businesses – whether through mergers-and-acquisitions activity or organic growth – cross- border trading and investment has become the norm. But with it comes a new level of complexity, as firms grapple to deal with multiple regulatory regimes, market conventions...

BLOG

ESMA Publishes Missing Pieces of Reference Data Crucial to MiFID II

To the relief of market participants subject to Markets in Financial Instruments Directive II (MiFID II), the European Securities and Markets Authority (ESMA) has published the last missing pieces of reference data crucial to trading under the regulation – MiFID II and Markets in Financial Instruments Regulation (MiFIR) transitional transparency calculations (TTC) for equity and...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

High Performance Technologies for Trading

The highly specialised realm of high frequency trading without doubt is a great driver for a range of high performance technologies that are becoming essential tools for Wall Street. More so than the now somewhat pedestrian algorithmic trading and analytics/pricing applications that are usually cited as the reason that HPC is hitting the financial markets,...