Reuters’ ex-asset management chief quits

UK – Jane Platt, former president of asset management at information group Reuters, says she will leave the company at the end of October.

Platt, currently chief operating officer of client segments, declined to disclose to IPE where she is going, but said: “I’m looking to return to the financial services sector.”

“Jane has had a successful three years at Reuters since joining as president, asset management in October 2001 and has made a significant contribution to the progress of the company,” Reuters said in a statement.

“Her current responsibilities as chief operating officer for the customer segments will be absorbed by Devin Wenig, president, customer segments and other executives.”

Reuters’ asset management business accounts for around 24% of the group’s revenues, and is currently run by company veteran Julie Holland.

Revenues at the division fell 11% decline to 630 million pounds (935 million euros) in 2003, which reflected an overall decline in group revenues.

Platt was named a director of Edinburgh UK Tracker Trust plc on August 1. She is chairman of Bridge Trading, a US agency broker owned by Reuters and deputy chairman of Reuters’ budget and investment committee.

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