Thomson Reuters has named Shanker Ramamurthy as president of its Sales & Trading business within the company’s Markets division. Ramamurthy will take up the role on 20 June 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.
Based in New York, Ramamurthy will oversee the delivery of information, news, collaboration and transactions services that support financial professionals on and off the trading floor. He takes on the role previously held by Mark Redwood, who left the company last year (Squawkbox, 30 August 2010).
Ramamurthy joins from IBM, where he was most recently general manager for its Global Banking and Financial Markets business. Prior to this he had responsibility for IBM’s Banking and Financial Markets’ global business services. Before joining IBM, Ramamurthy was a lead partner for PricewaterhouseCoopers’ financial services strategic consulting practice.
“Shanker’s strong record of driving and shaping global businesses within the financial services sector perfectly positions him to lead and grow our Sales & Trading business,” says Devin Wenig, CEO of Thomson Reuters Markets.
Thomson Reuters has also hired Bill Harts from Bessemer Venture Partners as head of strategy for Sales & Trading, reporting to Ramamurthy. Harts has a career that spans tenures at several financial institutions including Nasdaq and Citi.