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: How to turn data lineage from a regulatory response into a business advantage

Regulatory initiatives increasingly require firms to put in place robust data lineage frameworks to aid in understanding the workings behind reported values. But data lineage can add business value beyond regulatory compliance. As they move to automate data lineage processes by incorporating metadata management into their frameworks, firms can start to benefit from enhanced data...

BLOG

UK FSA Highlights Asset Managers’ Counterparty Risk Shortcomings and Valuations Independence

As a follow up to its 2009 Financial Risk Outlook (FRO), the UK Financial Services Authority (FSA) has published a review of the derivative risk management practices in place across the investment management industry, which highlights the buy side’s valuations and risk management practices and related shortcomings. The study, which is based on data from...

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

The Global LEI System – Slow but Sure

After what looked like a slow start to the summer, the initiative to establish a global standard for legal entity identifiers (LEIs) took a series of significant leaps forward during August, that appears to have put the project firmly back on track. If the marketplace felt a little reticent in June and July, it could...