Thomson Reuters today announced the appointment of Shanker Ramamurthy as President, Sales & Trading for Thomson Reuters Markets effective June 20, 2011. With 2010 revenues of $3.5 billion and a workforce comprising 2,700 employees globally, Sales & Trading is Thomson Reuters largest financial business, serving customers in the foreign exchange, fixed income, equities, commodities and energy markets.
Shanker joins Thomson Reuters from IBM, where he was most recently General Manager for its Global Banking and Financial Markets business. Shankerâs appointment marks a commitment at Thomson Reuters to accelerate the growth of its Sales & Trading business, support the ongoing development of Thomson Reuters Eikon, the companyâs premier financial desktop and mobile platform, and increase its participation in electronic trading marketplaces. As part of this commitment, Bill Harts also joins Thomson Reuters from Bessemer Venture Partners as Chief Strategy Officer for Sales & Trading, reporting to Shanker.
âShankerâs strong record of driving and shaping global businesses within the financial services sector perfectly positions him to lead and grow our Sales & Trading business,â said Devin Wenig, CEO of Thomson Reuters Markets. âWeâre committed to delivering innovative tools for our customers that are nothing short of excellent, and Iâm confident Shanker and his team, including Bill Harts, will help us fulfill this mission as well as taking us forward in terms of our growth and platform strategies.â
Based in New York, Shanker will oversee the delivery of information, news, collaboration and transactions services that support financial professionals on and off the trading floor. In his most recent role at IBM, Shanker had global responsibility for accelerating revenue growth and profitability of IBMâs Banking and Financial Markets business across services, software and hardware. Prior to this he had global responsibility for IBMâs Banking and Financial Markets Global Business Services business. Prior to joining IBM, Shanker was a Lead Partner for PricewaterhouseCoopersâ Financial Services Strategic Consulting Practice.
Bill Harts is well known in the financial services industry as a pioneer of electronic and algorithmic trading, with a career spanning tenures at several financial institutions including NASDAQ and Citigroup. He is a successful builder of institutional trading businesses and a recognized authority on financial market structure and applied trading technology.
âI am really excited to be joining Thomson Reuters at a time when the company is poised for such great things,â said Shanker Ramamurthy, incoming President of Sales & Trading, Thomson Reuters. âI look forward to working with Bill and the rest of the team to capture the opportunities that such an innovative platform business offers. As always, the heart of our proposition will be the powerful combination of content, transaction and collaboration services to drive real growth for our customers.â