07/28/03

HERD

Penn to Head Baltic Exchange

Jeremy Penn, a former managing director for Reuters in Asia, has joined the Baltic Exchange as chief executive to succeed Jim Buckley who is retiring.

Penn starts in the spring of 2004. Since leaving Reuters in 2001, where he was executive vice president of strategy and marketing for Reuterspace, Penn has been working as an independent consultant, largely in the area of financial information.

Morris Joins Royalblue

Michelle Morris has left Buttonwood Tree consultanc

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