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HERD

Davies Departs Reuters

Jim Davies will leave his role as managing director of Reuters Canada this month to become president and CEO of Iress-KTG, a joint venture between Australian data vendor Iress Market Technology and Toronto-based trading terminal provider KTG Technologies. Davies has previously held senior roles at Dow Jones Telerate, Standard & Poor's, JJ Kenny and Kasten Chase, the original owner of KTG. Joe Desario, previously chief financial officer of Reuters Canada, has taken over

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