Reuters has appointed Michael Peace as global head of its research and asset management division, replacing Julie Holland who is retiring later this year.
Peace is a former graduate trainee at Reuters who joined the vendor in 1987 before rising through marketing and sales roles in Asia.
His most recent position was in the dual role of CEO of Lipper, Reuters' mutual fund information subsidiary acquired in 1999, and head of Reuters' global wealth management unit.
For his new role Peace will move from Geneva to Reuters global headquarters in London and will report to Reuters chief operating officer, Devin Wenig.
He will assume executive responsibilities from Holland following a three-month transition period.
Holland is retiring from Reuters after a distinguished career in which she became the first woman to head a business division in the company.
She will be continuing her involvement with Reuters as a board member of FXMarketSpace – the vendor's joint venture with the Chicago Mercantile Exchange.