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

A-Team Insight Blogs

Thomson Reuters’ Redwood Steps Down; What’s Next?

The resignation this week of Mark Redwood, head of Thomson Reuters Markets’ Sales & Trading unit, confirms Step 2 of the three-step CEO succession scenario we outlined back in March. But it appears that despite two of our three predictions coming to pass, Thomson Reuters will look outside the firm when it moves to name a successor to Markets head Devin Wenig when he assumes a role within Thomson Reuters corporate.

You’ll recall our Macbethian timeline suggested that Research & Advisory head Eric Frank would relocate from his New York base to Hong Kong. Sure enough, he did.

It suggested that Redwood would resign in the summer. It’s summer, and he resigned on June 30 to join a Nottingham-based startup, funded by Thomson Reuters. Details to follow.

But our timeline also suggested that Enterprise head Jon Robson was in line to take the top slot at Markets. Alas, that appears not to be the case. Thomson Reuters will bring in talent from outside to lead its most important business unit, we are hearing.

It will be tantalising to see whether Thomson Reuters opts for a seasoned executive from the vendor community, or continues its recent propensity to delve into the banking world to fill the slot. Or indeed, goes outside of finance altogether.

This one has a long way to run.

Related content


Recorded Webinar: FRTB: Laying the groundwork for compliance

The January 2022 compliance deadline for sell-side firms within the scope of Fundamental Review of the Trading Book (FRTB) regulation may seem far into the future, but the complex demands of the regulation and the need to source regulatory data that has never previously been required mean firms should already be identifying tools, solutions and...


SmartTrade Adds to FX Capabilities with Purchase of TickTrade

French trading software company smartTrade has acquired Toronto-based TickTrade, a specialist in foreign exchange trading and payments technology. The transaction is aimed at positioning smartTrade to offer comprehensive solutions for the FX marketplace globally. SmartTrade already offers electronic trading and liquidity management solutions for firms trading in FX, fixed-income and other asset classes. TickTrade’s focus...


RegTech Summit London (Redirected)

Now in its 4th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.


Enterprise Data Management, 2009 Edition

This year has truly been a year of change for the data management community. Regulators and industry participants alike have been keenly focused on the importance of data with regards to compliance and risk management considerations. The UK Financial Services Authority’s fining of Barclays for transaction reporting failures as a result of inconsistent underlying reference...