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: Best practice timestamping and clock synchronisation

Timestamping and clock synchronisation have been embedded in the EU by Markets in Financial Instruments Directive II (MiFID II) and are also a requirement of the US SEC Consolidated Audit Trail (CAT). The webinar will discuss how well firms have realised the MiFID II requirement, how it differs from the CAT requirement, and best practice...

BLOG

Investment Firms Embrace Generative AI: A Boon for Monitoring and Compliance

By Osvaldo Berrios, SME, Compliance, NICE Actimize. The financial services industry is undergoing a transformative shift, with artificial intelligence (AI) playing a central role. Investment firms are starting to explore the potential of Generative AI (GenAI) to enhance their business dealings, particularly in the areas of monitoring, surveillance and regulatory compliance. Monitoring and Surveillance One...

EVENT

RegTech Summit New York

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

GUIDE

Regulatory Data Handbook 2024 – Twelfth Edition

Welcome to the twelfth edition of A-Team Group’s Regulatory Data Handbook, a unique and useful guide to capital markets regulation, regulatory change and the data and data management requirements of compliance. The handbook covers regulation in Europe, the UK, US and Asia-Pacific. This edition of the handbook includes a detailed review of acts, plans and...