Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Investing

Refinitiv boss Craig to leave parent LSEG at end of year

Banks, miners drag FTSE 100 lower; retail sales surge

LONDON (Reuters) -London Stock Exchange Group said on Wednesday David Craig, chief executive officer of its Refinitiv data and analytics business, would be leaving at the end of 2021 and would be succeeded by ex-Bloomberg executive Andrea Remyn Stone.

The London bourse operator completed its $27 billion purchase of Refinitiv in January from a consortium led by Blackstone and including Thomson Reuters, owner of Reuters News.

Craig became CEO of Refinitiv in 2018, having led the team that founded the company out of the financial and risk division of Thomson Reuters.

Stone, who was hired by Craig in January 2020 and will become group head of data and analytics from July 1, had previously worked at financial data provider Bloomberg LP and at Dealogic.

From July, Craig will act as an adviser to the group until he departs at the end of 2021.

The takeover came into sharp focus in March when LSEG shares tumbled on higher-than-expected costs for improving the resilience of Refinitiv’s legacy platform.

In early April, Refinitiv’s terminals, used by financial firms across the world, suffered a blackout lasting several hours.

Later in April, LSEG CEO David Schwimmer said that integration and savings from the takeover were on track noting Refinitiv had not delivered any surprises as “we had done a lot of due diligence”.

This month LSEG said it was in talks with Thomson Reuters over their agreement to distribute news content, following a dispute over whether Reuters News could put up a paywall on its website.

Thomson Reuters holds a significant minority stake in LSEG following the Refinitiv deal.

(Reporting by Huw Jones in London and Pushkala Aripaka in Bengaluru; editing by Louise Heavens and Jason Neely)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post