Devin Wenig, the chief executive of the Thomson Reuters division that oversees its media operations, is leaving the company amid a reorganization, the company announced Thursday afternoon.
Jennifer Saba of Reuters reports, “The Markets division, which serves the financial services industry, will be simplified to three business units from four to help accelerate growth, the company said. The Sales & Trading and Investment & Advisory units will be combined.
“Thomson Reuters Chief Executive Thomas Glocer will assume responsibility for the Markets division.
“Thomson Reuters, which competes with Bloomberg LP and News Corp’s Dow Jones unit, has invested heavily in new products including the next-generation desktop Eikon and high-speed data feed Elektron, which will serve as the main platforms for Markets clients.
“Thomson Reuters is scheduled to report second quarter results on July 28.”
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