Investment and advisory chief quits

He will stay on until 31 July and then become chief executive of DMG Information, Devin Wenig, CEO of Thomson Reuters markets division, said in a statement. Kavan’s new job is based at Stamford, Connecticut.

His successor at Thomson Reuters is Eric Frank, who has led the investment management unit of the Thomson Reuters investment advisory business. He joined Thomson Financial in 2000 after it acquired Carson Group where he was managing director.

Kavan joined Thomson Financial when it bought Primark, a financial and data information company, in 2000. ■