Sporting Index hires Thomson Reuters exec

SPORTS spread betting firm Sporting Index Group has hired former Thomson Reuters senior executive Mark Redwood as its non-executive chairman.

Redwood, 50, led Thomson Reuters’ sales and trading activities until stepping down at the end of December. He replaces Richard Glynn, who left in 2010.

The Sporting Index Group, backed by private equity investor HgCapital, said hiring Redwood was further evidence of ambitions for its Sporting Solutions brand, which supplies in-play betting odds to international betting and gaming operators. Bookmakers such as William Hill, PartyGaming, the Tote and Skybet subscribe to the service.

Warren Murphy, Sporting Index Group’s chief executive, said: “We believe the sports betting landscape is rapidly changing and is mirroring the way the financial data services industry has evolved. We deliberately sought to bring in someone with a strong financial technology background.