Reuters Appoints Mark Redwood Global Head of Sales And Trading.LONDON -- Reuters (Nasdaq:RTRSY)(LSE LSE - Language Sensitive Editor :RTR) today announced it has appointed Mark Redwood to lead its Sales and Trading Division. The Sales and Trading Division, Reuters largest, covers Equity, Treasury, Fixed Income, and Commodities and Energy customers and their information and transaction needs. As part of this role, Mark will lead Reuters electronic trading strategy, one of the company's new 'Core Plus' growth initiatives. Mark, 45, joined Reuters in December 2002 following its acquisition of AVT AVT avian arginine vasotocin. See vasotocin. Technologies Ltd, a specialist in foreign exchange transaction technology, where he was CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Since that time he has been leading the Reuters Next Generation Transactions Group which has been responsible for recent strategic products like Reuters Trading for Fixed Income (RTFI RTFI Read the Friendly Instructions ), Reuters Trading for FX (RTFX RTFX Real Time Effects ), and the foreign exchange portal used by China's CFETS CFETS China Foreign Exchange Trading System . In 1989, Mark joined AVT as a founding shareholder and CEO, building a blue-chip customer base that included leading global financial institutions such as ABN AMRO, Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , JP Morgan and UBS. Mark has considerable experience in the financial markets having worked at JP Morgan in London from 1983 to 1989, where he held a number of trading positions in fixed income and exchange traded derivatives. Devin Wenig, Executive Director and President of Business Divisions, said: "Mark has been instrumental in the significant progress we have made in cross-asset electronic trading, and the joining up of our desktop information and transactional strategies. We look forward to an exciting period of growth in the Sales & Trading business under his leadership." Note to Editors Reuters (www.about.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Its trusted information drives decision making across the globe based on a reputation for speed, accuracy and independence. Reuters has 15,300 staff in 91 countries, including staff from the acquisition of Moneyline Telerate in June 2005. It also includes 2,300 editorial staff in 196 bureaux serving 129 countries, making Reuters the world's largest international multimedia news agency. In 2004 Reuters Group revenues, including those of Instinet Group, were GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.9 billion. From July 2005, Instinet Group is being treated as a discontinued operation in the profit and loss account. Reuters and the sphere logo are the trade-marks of the Reuters group of companies. |
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