Mark Redwood is leaving Thomson Reuters where he is president, sales and trading in the markets division to start up a new venture. A spokesperson says a search for a replacement is underway.
It is understood that Redwood will continue to be involved with Thomson Reuters through his venture, which will develop applications for Thomson Reuters’ Eikon platform. Eikon, slated to launch this autumn, will offer news, data, analytics, commentary and insights on one desktop. Thomson Reuters is a backer of Redwood’s new venture.
Before taking the president role, Redwood was global head of sales and trading, Reuters. He joined Reuters in December 2002 following its acquisition of AVT Technologies, a foreign exchange transaction technology vendor, where he was CEO.
Since that time he has led the Reuters Next Generation Transactions Group which has been responsible for products including Reuters Trading for FX, Reuters Trading for Fixed Income and the foreign exchange portal used by CFETS (China Foreign Exchange Trading System), a subsidiary of the People’s Bank of China.
In 1989, Redwood joined AVT as a founding shareholder and CEO. Before that he worked at JP Morgan in London and held a number of trading positions in fixed income and exchange-traded derivatives.
Thomson Reuters’ sales and trading business delivers financial information, news, collaboration and transactions services to support the trading floor activities of buy and sell side customers, across global financial markets. With revenues of $3.8 billion it is the largest business unit in the markets division.