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: Unpacking Stablecoin Challenges for Financial Institutions

The stablecoin market is experiencing unprecedented growth, driven by emerging regulatory clarity, technological maturity, and rising global demand for a faster, more secure financial infrastructure. But with opportunity comes complexity, and a host of challenges that financial institutions need to address before they can unlock the promise of a more streamlined financial transaction ecosystem. These...

BLOG

TRG Screen Launches AI Assist to Advance Reference Data Cost Management

Market data spend and usage management software provider TRG Screen has launched an artificial intelligence-powered capability to help financial institutions better manage spiralling data costs. The conversational AI interface sits on top of TRG Screen’s established Xmon platform, allowing users to interact with their own programme data using natural language. Instead of digging through technical reports, users can ask the system direct questions about cost optimisation opportunities and...

EVENT

Data Management Summit London

Now in its 16th 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

Connecting to Today’s Fast Markets

At the same time, the growth of high frequency and event-driven trading techniques is spurring demand for direct feed services sourced from exchanges and other trading venues, including alternative trading systems and multilateral trading facilities. Handling these high-speed data feeds its presenting market data managers and their infrastructure teams with a challenge: how to manage...