Tom Glocer

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Thomas H. Glocer
Glocer.jpg
Occupation Chief Executive Officer
Employer Thomson Reuters
Location New York City
Website http://tomglocer.com/

Thomas H. Glocer was chief executive officer of the UK based Reuters Group when the company was acquired by Canadian publisher Thomson Corp. in May, 2007 for $17.5 billion; he was then made CEO of the merged company[1].

Glocer is not a journalist, but is credited with creating and shaping new products for traders and asset managers and providing specialist information on fixed-income securities, derivatives and currency markets, which accounted for $4.8 billion per year, more than 40% of Reuters’ revenue, at the time of the sale. Those products and improvements include the partnership with the Chicago Mercantile Exchange (CME) that linked sell-side traders in the interbank FX market to CME eFX market, which resulted in the now defunct FXMarketSpace; Reuters Trading for Fixed Income and Reuters Trading for Foreign Exchange[2] . At the time of the sale, Glocer owned 721,802 shares in Reuters and made $9.9 million on the transaction, in addition, he owned 7.2 million share options worth tens of millions more.

Background

Tom Glocer joined Reuters Group in 1993 as vice president and deputy counsel, Reuters America. He then held a number of senior leadership positions, including president of Reuters LatAm and Reuters America. In July 2001, he was named CEO of Reuters Group PLC[3] .

In addition, Glocer has been a director of Merck & Co. Inc., and a member of the Council on Foreign Relations, the board of directors of the Partnership for New York City, the International Business Council of the World Economic Forum, the Columbia College Board of Visitors, the President's Council on International Activities at Yale University, the Advisory Board of the Judge Institute of Management at Cambridge University, the European Business Leaders Council, the International Advisory Board of British American Business Inc., the International Business Advisory Council London, and the Madison Council of the Library of Congress.


Education

  • B.S., Political Science, Columbia University
  • J.D., Yale Law School


References

  1. The Rise Of Reuters' Tom Glocer. Forbes.
  2. COMPANY HISTORY. Thomson Reuters.
  3. Corporate Biographies. Thomson Reuters.