BOSTON: Financial information and technology service Thomson Financial (TF) is putting its global IR consulting business up for sale as part of a group-wide company reorganization.TF, part of The Thomson Corporation, has hired investment bank Berkery, Noyes & Co. - which specializes in transactions between communications, publishing, and media companies - to handle the sale.
TF's VP of PR Alison Hagan declined to comment on the details of the sale of the IR consulting business. But industry sources said the sale was in line with plans to concentrate solely on the financial data and information side of the company.
The consulting division is part of Thomson Financial/Carson, which also houses CIM, the company's corporate market intelligence unit. In 2000, TF bought The Carson Group, which specializes in IR, financial information, and corporate strategic intelligence, to form Thomson Financial/Carson.
Last month, TF announced its new global PR lineup following a wider business restructuring. Alex Brog was named PR director for Europe, with US-based Hagan leading group communications internationally.
The central marketing function is now comprised of 50 staff in the US, 20 in Europe, and 10 in Asia.