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Thomson Reuters names new forex chief

Thomson Reuters' foreign exchange architect Jas Singh is leaving after 10 years following the appointment of a new global head of forex.

Phil Weisberg, pictured, founder and chief executive of trading platform operator FX Alliance acquired by Thomson Reuters for $625 million in August, takes over immediately, the company said on Monday. He will take responsibility for its foreign exchange business, which includes the anonymous matching and conversational dealing platforms.

Singh joined Reuters in December 2002 after it acquired AVT Technologies, a specialist in foreign exchange transaction technology, and led the development of the forex business over the past decade. He will be staying with the company during the transition.

John Cooley, chief financial officer of FXall since its inception in 2000, will now lead strategy and business development, with responsibility for driving strategy and inorganic growth.

Jim Kwiatkowski, global head of sales for FXall, will run global transactional sales across both FXall and Thomson Reuters.

“FX is a strategic priority for Thomson Reuters Financial and Risk business and we are positioned to provide a powerful global trading community that connects the buy side to the sell side and to deliver a winning integrated work flow and transaction proposition,” said Abel Clark, managing director of Thomson Reuters’ marketplaces business. “These appointments and structure will help us to achieve our goal of enabling the global fixed income, currencies and commodities trading community through our unique insight, trusted communities, deep liquidity for specific customer segments and an integrated platform to enable optimal trading, hedging and post-trade work flow.” ■

FX Week