Financial & Risk
In 2008, Reuters Group strategy executive David Craig co-led the Reuters-Thomson Corp. merger integration and became chief strategy officer of Thomson Reuters. In 2010 he founded and became president of the company's governance, risk and compliance business. A restructuring at the end of last year put GRC whose first-quarter 2012 revenue soared 122 percent, to $51 million together with Thomson Reuters's mature-markets business to form Financial & Risk, helmed by Craig in London, with annual revenue of $7 billion and 25,000 employees in 180 countries. If credentials alone define one's readiness to run a huge financial information and technology conglomerate, then Craig, 42, could hardly be better suited. Before joining Reuters in 2007, he spent seven years each with American Management Systems and McKinsey & Co., advising major banks, technology and media companies at the latter. But Craig's career track began much earlier. "My dad got me my first computer when I was 11," he says. "I was a born geek." After living through two technology eras client-server and Internet Craig believes a third is developing around cloud computing, data gathering and analytics. Those trends converge in Thomson Reuters's Elektron and Eikon networks: "platforms on which our customers can innovate," he says.