In this new role, Klug will define and execute a growth strategy for all of the Investment & Advisory businesses - Investment Management, Wealth Management, Investment Banking and Corporate Services - in Asia and foster relationships with customers, influencers, partners and government agencies across the region. Klug will coordinate efforts within the more international Asian markets, such as Hong Kong, Singapore, Korea and Australia and lead the managers responsible for the Asian domestic markets on their strategies for China, India and Japan. Klug will report to Eric Frank, President, Investment & Advisory, Thomson Reuters.

A financial services industry veteran with over 30 years of experience, Klug was most recently Regional General Manager of ING Investment Management Asia where he led the retail, insurance, institutional and private equity businesses across the region. He previously held senior leadership roles with Deutsche Bank in Mauritius and Singapore and was Managing Director of Banking for Morgan Stanley's Global Wealth Management group in addition to heading Morgan Stanley's Investment Management business in Asia. Klug has an MBA from the Wharton School of the University of Pennsylvania.

"Asia continues to be of growing importance to the Investment & Advisory business and I am thrilled to welcome Paul to lead the charge. With his vast knowledge of the Asian markets, industry experience and strong track record, I am confident he has the leadership skills necessary to ensure we make the most of the tremendous opportunity Asia represents," said Eric Frank, President, Investment & Advisory, Thomson Reuters.

Klug's appointment follows the recent news of Chen Huang joining Thomson Reuters as Managing Director of Investment & Advisory in China. Huang will report to Klug and drive the China strategy for the business.