Thomson Reuters Expands in Canada, Relocates its CEO and CFO

Thomson Reuters today announced a major expansion to its Canadian operations with opening a new technology centre in Toronto and plans to move its chief executive and chief financial officer to the Canadian city next year.

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The new technology Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term will add approximately 1,500 jobs in Canada over time, with 400 high-quality technology positions to be created over the next two years, mostly by hiring from the local market.

Thomson Reuters has more than 60,000 employees around the world, developers in 43 countries and five large hubs while retaining its principal executive office in New York City. Toronto will be the sixth and its centre will be initially located in Bremner Tower.

The global information and media company also announced that its Chief Executive Officer Jim Smith and Chief Financial Officer Stephane Bello, as well as others, will be relocating to Toronto in 2017. Thomson Reuters has moved more senior staff into Canada over the past year, where the company currently has 1,200 workers, before the latest initiative.

Roots in Canada

“Today’s news is an example of how great things can happen when the public and private spheres work together – for the betterment of Canadian workers, and Canadian families,” said Canadian Prime Minister Justin Trudeau.

“Canada is not only our home, it is home to an emerging ecosystem of world-class technology talent,” said Jim Smith, president and chief executive officer of Thomson Reuters.

“Our new Technology Centre furthers our commitment to growing Canada’s preeminent hub of innovation, and to building the customer-centric platforms and solutions of the future. We applaud the Canadian federal, provincial and municipal governments for making jobs, innovation and the knowledge economy a top priority and look forward to our role in supporting these initiatives,” he added.

Thomson Reuters was formed in 2008 through the Merger Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d Read this Term of Thomson Corp. and Reuters Group PLC. The company originated in Ontario in the 1930s and owned a national chain of newspapers, before it diversified and evolved into a global news and information service.