David Craig (businessman)

David Craig

Born|  (1969-10-29) October 29, 1969 (age 55)

London, United Kingdom

Nationality| British
Citizenship| United Kingdom
Education| Electrical Engineering
Alma mater| Bristol University
Occupation| Data Business Executive

David Craig is a financial technology and data business executive and former CEO of Refinitiv, now part of London Stock Exchange Group (LSEG). He co-chairs the global TNFD (Task Force on Nature-Related Financial Disclosures).

## Contents

* 1 Biography
* 2 Publications
* 3 References
* 4 External links

## Biography[edit]

David Craig is the co-chair of the TNFD (link www.tnfd.global), creating a global risk management and disclosure framework for nature-related risks. The TNFD now has over 400 members. The initiative was brought together by four founding partners, Global Canopy, UNDP, UNEP FI, and WWF in September 2020. After a preparatory phase of nine months, it officially launched in June 2021. The TNFD is funded through the support of the UK, Australian, Swiss and Dutch Government, the UNDP, Global Environment Facility (GEF) and the Children’s Investment Foundation Fund (CIFF).[1][2][3]

Craig led the team that created Refinitiv in October 2018[4] out of what was then the Financial & Risk business of Thomson Reuters. The deal saw Blackstone take a 55% stake in Refinitiv, while Thomson Reuters retained 45%.

In August 2019, London Stock Exchange Group (LSEG) agreed to buy Refinitiv in an all-share transaction valuing the company at $27 billion[5] . LSEG completed its acquisition of Refinitiv in January 2021 [6]. Under the terms of the deal, Thomson Reuters continues to provide Refinitiv customers with Reuters news through to 2048.[7]

Craig co-chairs the India UK Financial Partnership (IUKFP) with Uday Kotak on behalf of TheCityUK and the HM Treasury, and is a member of the Trade Advisory Group for the UK Department for International Trade on financial services and cross-border data flows and regulation.

In January 2020, Craig published work predicting a "carbon correction" to global financial markets equating to as much as $4 trillion.

In January 2021, Craig told a panel debate[8] at the World Economic Forum's Davos Agenda that business leaders needed to think more deeply about a wider spectrum of risks following the COVID-19 pandemic, from large solar storms similar to the 1859 Carrington Event to the global impact of a volcanic eruption on the scale of the 1883 eruption of Krakatoa.

Since November 2020 Craig has become a permanent member of the [9] (Sustainable Markets Initiative) co-chaired by HRH Prince Charles and Bank of America CEO Brian Moynihan, launched in Davos in 2020.

Craig has been ranked by Institutional Investor as number 7 in the top 50 fintech leaders

Craig is a Charity Board Trustee of Great Ormond Street Hospital Charity in London, as well as Founding Ambassador and Chair of the Corporate Advisory Board of Urban Synergy.[10], which was formed[11] with Goldman Sachs DMGT EC1 and UK Power Networks and other sponsors to support young people from schools across London access mentorship and work opportunities.

Craig joined Reuters in April 2007 as Chief Strategy Officer. At Thomson Reuters, Craig founded the Governance Risk and Compliance (GRC) business including the acquisition of World-Check and was then President of the Financial and Risk Division. Craig was formerly a consultant at McKinsey & Company and a systems developer at American Management Systems

Craig holds a degree in electrical engineering from The University of Bristol.

## Publications[edit]

* The Carbon Correction - January 2020 [12]

* The new Physics of Financial Services - August 2018 - World Economic Forum

* The Next Evolution in Financial Services - September 2020 - World Economic Forum

* Technology and Big Data - November 2016 - Financial Times[13]

## References[edit]

1. ↑ "The UN & TNFD: Stewarding Systems Change – United Nations Environment – Finance Initiative". Retrieved 30 May 2022.
2. ↑ Jessop, Simon (30 September 2021). "HSBC, BlackRock, Nestle to help design nature-driven risk framework". Reuters. Retrieved 30 May 2022.
3. ↑ Agini, Samuel. "Refinitiv CEO readies for data tussle with Bloomberg". www.fnlondon.com. Retrieved 30 May 2022.
4. ↑ "Thomson Reuters closes deal with Blackstone". NASDAQ.com. 2018-10-01. Retrieved 2018-10-18.
5. ↑ "London Stock Exchange clinches acquisition of Refinitiv for $27bn". Financial Times.
6. ↑ Jones, Huw. "LSE looks at 'blank cheque' deals to keep London ahead after Brexit". Reuters. Reuters. Retrieved 29 January 2021.
7. ↑ "Refinitiv head David Craig to depart LSE". Financial Times. 26 May 2021. Retrieved 30 May 2022.
8. ↑ Faulconbridge, Guy. "Brace for the unexpected after COVID-19, Refinitiv CEO Craig says". Reuters. Reuters. Retrieved 26 January 2021.
9. ↑ {cite web|title=Sustainable Markets Initiative|url=https://www.sustainable-markets.org|website=Sustainable Markets Initiative}
10. ↑ Thomas, Leila. "CEO". Urban Synergy. Urban Synergy. Retrieved 23 January 2021.
11. ↑ "Goldman, Citi, Morgan Stanley join project to bolster Black ranks in the City"". Financial News.
12. ↑ "The Carbon Correction". Refinitiv. Refinitiv.
13. ↑ "Fintech and Big Data".

## External links[edit]

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