The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

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

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.

Related content

WEBINAR

Recorded Webinar: Improving data integrity to address regulatory requirements

Financial institutions today face a global regulatory landscape characterised by rigorous and varied reporting requirements across their businesses. Reporting challenges include completing more data fields across more lines of business with greater frequency, adding complexity and cost. At the same time, there is waning tolerance among supervisory bodies for errors, issues or delays – as...

BLOG

A-Team Group ESG Handbook 2021 Details Environmental, Social and Governance Investing and Disclosure

A-Team Group has expanded its portfolio of industry-leading publications with the release of ESG Handbook 2021, a guide to Environmental, Social and Governance (ESG) investing, disclosure, and product development. The handbook offers capital markets participants, data vendors and solutions providers extensive coverage of all elements of ESG, from an initial definition and note on why...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that brings together an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...