Thomson Reuters Financial & Risk has rebranded and will now be known as Refinitiv.
The announcement was made following the closing of the partnership transaction between Thomson Reuters and private equity funds managed by Blackstone, the Financial & Risk business.
Closing of the transaction is expected to occur in the second half of 2018 and until then the business will continue to be known as Thomson Reuters Financial & Risk.
The new name, Refinitiv, was created based on feedback from customers and industry influencers.
According to Thomson Reuters, Refinitiv is a name that aims to blend definitive action in financial markets and a bold focus on the future.
As a standalone company, Refinitiv will continue to focus on providing data and insights, trading platforms, market data infrastructure and open technology platforms that support and connect the global financial markets community.
David Craig, president of Thomson Reuters Financial & Risk, and future CEO of Refinitiv, said: “Thomson Reuters Financial & Risk has a rich history and reputation and it was important to us that our new name celebrated both our pride in our legacy and also the defining role we will continue to play as an integral and innovative part of the financial markets community.”
Craig added: “As we innovate with our customers and partners at the intersection of data, technology and financial services, we firmly believe in a trusted financial system that empowers smart and sustainable investment and financing.”
“We are excited about the role we, as Refinitiv, will play in this future to the benefit of our customers, financial markets and the wider world.”
