REUTERS APPOINTS MARK REDWOOD GLOBAL HEAD OF SALES AND TRADING

London – Reuters (LSE: RTR; NASDAQ: RTRSY) today announced it has appointed Mark Redwood to lead its Sales and Trading Division. The Sales and Trading Division, Reuters largest, covers Equity, Treasury, Fixed Income, and Commodities and Energy customers and their information and transaction needs.

As part of this role, Mark will lead Reuters electronic trading strategy, one of the company’s new ‘Core Plus’ growth initiatives.

Mark, 45, joined Reuters in December 2002 following its acquisition of AVT Technologies Ltd, a specialist in foreign exchange transaction technology, where he was CEO. Since that time he has been leading the Reuters Next Generation Transactions Group which has been responsible for recent strategic products like Reuters Trading for Fixed Income (RTFI), Reuters Trading for FX (RTFX), and the foreign exchange portal used by China’s CFETS.

In 1989, Mark joined AVT as a founding shareholder and CEO, building a blue-chip customer base that included leading global financial institutions such as ABN AMRO, Bank of New York, JP Morgan and UBS. Mark has considerable experience in the financial markets having worked at JP Morgan in London from 1983 to 1989, where he held a number of trading positions in fixed income and exchange traded derivatives.

Devin Wenig, Executive Director and President of Business Divisions, said: “Mark has been instrumental in the significant progress we have made in cross-asset electronic trading, and the joining up of our desktop information and transactional strategies. We look forward to an exciting period of growth in the Sales & Trading business under his leadership.”

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