A number of long-serving staff members have left Refinitiv – previously branded as Thomson Reuters Financial & Risk unit – since it was acquired by a consortium led by Blackstone in October.
Although a spokesperson for Refinitiv declines to comment, Profit & Loss understands that Mechelle Magante, Susan Gammage, Lorraine Ferrari, Jim Ball, Paul Callahan and Bob Bricken have all left the firm. All of them were based in New York.
Magante joined then-Reuters in 2004 as an FX product specialist and stayed on after the firm merged with the Thomson Corporation in 2008. At the time of her departure, Magante was a senior FX relationship manager.
Prior to joining Reuters, she spent two years as an FX data specialist at Bloomberg and spent over 12 years as a forwards trader at BNP Paribas.
Gammage initially joined Reuters in 1989 as an FX transactions specialist. Gammage then worked in a variety of roles at the firm, leaving after the merger with Thomson in 2010 at which time she held the role of executive vice president.
Gammage then spent over a year working as managing director, global head of G10 FX e-commerce sales at Citi, before joining FXall in 2011, which was subsequently acquired by Thomson Reuters in 2012. At the time of her departure, Gammage was head of Americas transaction sales at the firm.
Ferrari has spent her entire 30-year career in FX sales for Thomson Reuters.
Ball had been with the firm for 13 years, most recently working in sales and market development as head of FX data & analytics, Americas. Prior to working for Thomson Reuters, Ball was a business development manager at Radianz between 2001 and 2004.
Callahan was a senior business development executive for transactions at Thomson Reuters, where he had worked since 2004. Before that, he spent over three years as a manager in transactions sales at Bloomberg and over six years as vice president, FX, at Cantor Fitzgerald. Callahan started out his career as on OTC FX broker for Tullett and Tokyo between 1987 and 1994.
Bricken was a senior transactions relationship manager, having joined Thomson Reuters in 2005. Bricken also started out his career at Tullett and Tokyo, working for nine years as a broker there, starting in 1985.
Profit & Loss also understands that Michael Go, Singapore-based head of trading for Asia Pacific at Thomson Reuters, and Campbell MacPherson, sales director, sell side institutions at the firm’s Australian office, have also both left the business.