Reuters names new Wall Street editor

TALKING BIZ NEWS EXCLUSIVE

The following announcement was sent to the Reuters staff on Tuesday afternoon by deputy editor in chief Paul Ingrassia:

I’m delighted to name Knut Engelmann as Wall Street editor, a new position in which he will lead coverage of top Wall Street investment banks. Knut, who moved to New York as global company news editor earlier this year, brings a wealth of financial reporting experience, energy and global perspective to the job.

Knut’s appointment to this high-profile role underscores our desire to put our most senior talent at the heart of the news file, and sends a powerful message about the importance of in-the-trenches reporting and writing. It also highlights our commitment to deliver agenda-setting coverage and raise our profile in key areas such as investment banking. Knut will play a crucial role in those efforts.

Knut led our coverage of the Federal Reserve and the U.S. Treasury as senior economics correspondent from 1997 to 2001, a period marked by the Asia financial crisis and dot-com boom and bust. He then had a variety of positions in Europe, most recently overseeing our Editorial operations in Germany, Switzerland, Austria and the Balkans.

Knut will lead a small, dedicated team of reporters focused exclusively on investment banking. The model will be one of player-coach, with the coach doing a lot of playing himself. The area is incredibly competitive, so we need our best people on the job.

Please join me in welcoming Knut to his new position.