Thomson Reuters today announced that Eric Frank, President, Investment & Advisory, Thomson Reuters Markets, has relocated to Hong Kong from New York.
Mr. Frank's move to Hong Kong strengthens Thomson Reuters commitment to growing its business across the Asia Pacific region. While in Asia Pacific, Mr. Frank will lead the business in developing localized solutions to compliment Investment & Advisory's market-leading global product and content set.
With US$ 2.2 billion in annual revenue, Investment & Advisory is Thomson Reuters second largest financial services facing business and provides differentiated analytics, content and workflow tools that drive complex financial decision-making and increase performance and efficiency for customers in corporate services, investment management, investment banking and wealth management around the world.
"As M&A and investment banking activity, a rapidly emerging buy side, wealth creation, and corporate growth are increasingly being driven out of Asia Pacific, it was a logical time for me to move to the region and oversee the global business from Asia Pacific first hand," said Eric Frank, President, Investment & Advisory, Thomson Reuters. "Thomson Reuters goal for its Investment & Advisory business is to localize its global platform for the countries across the Asia Pacific region by developing local-language products and content to meet the unique needs of our customers here. From the rich domestic markets of Hong Kong, Australia and Japan to the emerging opportunities in China and India, I am excited to be here and look forward to building our business in such a dynamic and growing market."
Mr. Frank's move to Asia Pacific comes in the wake of multiple recent strategic hires across the region including Henry Li, as Head of China; Kotaro Okamura, as Head of Japan; Tarun Anand as Head of South Asia, based in Mumbai; Samir Shah as Head of Business Operations, Asia, based in Singapore; and Daphne Huang as Head of Taiwan.
"Asia Pacific is a key strategic region for Thomson Reuters," said Devin Wenig, CEO of Thomson Reuters Markets. "Eric's decision to move to Asia Pacific, the first head of one of our Markets divisions to do so, supports our ambitions to seize the immense growth opportunities in the region."
Mr. Frank has nearly twenty years of financial services experience. Prior to his current appointment in July 2008, Mr. Frank was Global Managing Director of the Investment Management segment of the Thomson Financial Corporate group since January 2004.
Previously, Mr. Frank was the Executive Vice President in charge of business development, product development, and third party sales for Thomson Financial. He joined Thomson Financial in 2000 as a result of its acquisition of The Carson Group, where he was a Managing Director/Partner. His prior experience includes 10 years at J.P. Morgan in both New York and London. Mr. Frank holds a Bachelor of Arts degree from the University of Michigan and reports to Devin Wenig, CEO of Thomson Reuters Markets.