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Forex chief leaves Thomson Reuters

Phil Weisberg (photo), global head of Thomson Reuters' foreign exchange business, is leaving the company after almost four years.

News of his departure followed chief executive James Smith’s announcement on Tuesday of a global restructuring intended to streamline the business. Some 2,000 jobs - four per cent of the 48,000 workforce - are being cut across 150 locations in 39 countries in a simplification process that removes layers of bureaucracy.

Michael Chin, global head of equities, and Neill Penney, head of FX workflow, will jointly lead the trading business. ■

FX Week