(Bloomberg) — The head of ION Corporates, one of the main units of ION Group, has left the company, the latest in a series of high-profile leadership changes at the helm of the financial data provider.
Rich Grossi was replaced as general manager of the Enterprise division by Sunil Biswas, who was previously product director for raw materials, according to a person familiar with the matter, who asked not to be identified because he is not authorized to do so. speak publicly.
Grossi did not respond to messages left on his LinkedIn account.
His departure is the latest management shake-up at the group founded by tycoon Andrea Pignataro, who built the company through a series of acquisitions that created an empire worth an estimated 25 billion euros ($27 billion). dollars). The former bond trader is now focusing on developing the group’s data and artificial intelligence offerings.
Grossi has been CEO of the business unit, which provides treasury and commodity management services to businesses, for more than four years, according to his LinkedIn profile. He was previously CEO of risk management solutions provider Openlink Financial, acquired by ION in 2018 and subsequently integrated into its product offering.
The head of the ION Analytics unit, Jody Drulard, left last month – and a new CEO is expected to be named in the coming weeks – while the chief executive of Italy-based Cerved, Andrea Mignanelli, was replaced more early this year.
ION’s operations also include financial services companies Dealogic, Fidessa Trading and Acuris, owner of the financial information platform Mergermarket. Bloomberg LP, the parent company of Bloomberg News, competes with ION Group in providing software and financial data.
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