NEW YORK and LONDON, Sept. 4,
2018 /PRNewswire/ -- The Financial & Risk business of
Thomson Reuters (NYSE/TSX: TRI) today announced that Brian J. West has been appointed Chief Financial
Officer of Refinitiv effective November 5,
2018. The Financial & Risk business will be known as
Refinitiv on October 1, 2018, after
the closing of Thomson Reuters' sale of a 55% majority stake in the
Financial & Risk business to private equity funds managed by
Blackstone.
"As we get ready to begin the exciting journey as an independent
business, our relationships with the financial community, both
private equity and debt investors, shift considerably," said
David Craig, President of Thomson
Reuters Financial & Risk. "I am pleased that Brian will be
joining Refinitiv at a crucial time in our evolution, adding
to our leadership team a deep understanding of the investment
community and a proven track record of growth and operational
excellence with both established companies and fintech
start-ups."
Brian will be joining Refinitiv from Oscar Insurance, an
innovator in US health care, where he is Chief Financial Officer
and Executive Vice President of Operations. Prior to Oscar, Brian
spent nine years at Nielsen as Chief Financial Officer and then
Chief Operating Officer. Previously, he held various CFO and other
finance leadership positions over 16 years at General Electric.
Thomson Reuters announced on January
30 that it had signed a definitive agreement to enter into a
strategic partnership with Blackstone. As part of the transaction,
Thomson Reuters will sell a 55% interest in its Financial &
Risk business to private equity funds managed by Blackstone. An
affiliate of Canada Pension Plan Investment Board and an affiliate
of GIC will invest alongside Blackstone.
About Thomson Reuters
Thomson Reuters is the world's leading source of news and
information for professional markets. Our customers rely on us to
deliver the intelligence, technology and expertise they need to
find trusted answers. The business has operated in more than 100
countries for more than 100 years. Thomson Reuters shares are
listed on the Toronto and New York
Stock Exchanges. For more information, visit
www.thomsonreuters.com.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this news release are forward-looking,
including the company's expectations regarding the timing for
closing of the proposed Financial & Risk transaction and
Mr. Craig's comments and statements regarding the future Financial
& Risk business. These forward-looking statements are based on
certain assumptions and reflect our company's current expectations.
As a result, forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results or events
to differ materially from current expectations. There is no
assurance that a transaction involving all or part of the
Financial & Risk business will be completed or that other
events described in any forward-looking statement will materialize.
You are cautioned not to place undue reliance on forward-looking
statements which reflect expectations only as of the date of this
news release. Except as may be required by applicable law, Thomson
Reuters disclaims any obligation to update or revise any
forward-looking statements.
CONTACTS
Kate Reid
Vice President, Business Communications
Thomson Reuters Financial & Risk
Office +44 (0) 207 542 2215
Mobile +44 (0) 7917 200 737
kate.reid@thomsonreuters.com
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SOURCE Thomson Reuters