About a-team Marketing Services
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: Detecting and preventing market abuse

Market abuse – unlawful disclosure of inside information, insider trading, circular trading, “pump and dump” schemes, etc. – poses significant threats to the integrity of capital markets. In 2024, global trading house Trafigura agreed to pay a $55 million fine to the U.S. Commodity Futures Trading Commission (CFTC) for trading with non-public information, manipulating a...

BLOG

SimCorp Proves Readiness to Process Swift ISO 20022 MX Messages

Swift and SimCorp have together successfully completed a proof of concept, which demonstrates that SimCorp Dimension, SimCorp’s solution for investment management businesses, can accept, process and transmit Swift ISO 20022 MX messages. MX messages are increasingly used in the securities industry, with adoption extending beyond Europe to Asia and the US. MX messages offer more...

EVENT

Digital Assets & Tokenisation Forum, New York

A-Team Group’s Digital Assets & Tokenisation Summit spotlights how global financial leaders are rapidly embracing programmable tokenised assets and DLT networks to achieve real-time, 24/7 peer-to-peer transactions.

GUIDE

Regulatory Data Handbook – Fifth Edition

In response to the popularity of the A-Team Regulatory Data Handbook, we have published a fifth edition outlining the essentials of regulations that are likely to have an impact on data and data management at your organisation. New to this edition is a section on RegTech, covering drivers behind the development of innovative regulatory technology,...