Thomson Reuters Chiefs Relocate to Toronto Amid Tech Center Pushby
Thomson Reuters Corp. said Chief Executive Officer Jim Smith and Chief Financial Officer Stephane Bello will move to Toronto as the financial data, news and analytics provider expands Canadian operations with a new technology center in the city.
The Toronto technology hub is expected to create 400 jobs in Canada over the next two years, with plans to grow to approximately 1,500 jobs over time, Thomson Reuters said in a statement Friday. The new tech center will focus on emerging skills such as cognitive computing, visualization, user experience and cloud development.
Smith and Bello are currently based in New York. Additional management roles will be relocated and recruited locally in Toronto over the next few years, the company said. Thomson Reuters was created by the acquisition of London-based Reuters by Canada’s Thomson Corp. in 2008.
Bloomberg LP, the parent company of Bloomberg News, competes with Thomson Reuters in providing news and information.