HERD

Will Kennedy is back (well, sort of). Formerly vice president in charge of Reuters Americas' midtown district in New York, Kennedy rejoined Reuters last week after a year's reprieve from the market data industry. After departing for the insurance software industry (IMD, Oct. 12, 1992), Kennedy has re-emerged at Reuters' U.K./Ireland unit, where he assumes a newly created post as deputy marketing director reporting to Michael Hudson, who is marketing director for Reuters UKI. There, Kennedy will oversee transaction products, information management systems marketing and marketing operations departments. He is a deputy for Hudson for all UKI marketing activities.

Eileen Song left Thomson to join Fidelity Systems Development Co.'s financial information systems division, which is headed by Al Aiello. Song is a project leader for the Fidelity Pricing System, the firm's ticker plant. Andy Valenti also joined Fidelity's ticker plant group this fall as vice president and division manager (IMD, Sept. 27).

Reuters' Steve Kane has moved to New York from Boston, where he was director of sales for the Northeastern district, under Brian DeLacey. In New York, Kane becomes director of marketing for fixed-income products. He will have "responsibility for a major re-staging of Reuters' capital markets service and products," according to a spokesperson. Kane will report to Linda Coleman, Reuters Americas' vice president for marketing. Coleman reports to Janet Pistone, DeLacey's downtown counterpart. Kane's former boss, DeLacey, also took the shuttle from Boston earlier this year to run midtown sales (IMD, June 12). Curiously, despite the fixed-income moniker, Kane's new role will include all exchange-traded and over-the-counter derivative instruments based on underlying fixed-income, equity, energy, commodity and currency market instruments.

Reuters' Hubert Holmes has been made senior vice president. Holmes was previously vice president in Reuters' international marketing group. Holmes is Reuters' point- person for the increasingly troublesome relationship with Capital Market Decisions Inc. (see related story, this issue).