Hong Kong - Reuters (LSE: RTR, NASDAQ: RTRSY), the global information company, today announced the appointment of Alexander Hungate, as Managing Director of Reuters Asia effective 1st January 2006.

In this role he will lead the regional team responsible for Reuters business activities in Asia. He will be managing annual revenues of about £420 million and 3,600 staff across more than 19 countries in the Asian region.

Most recently, in his role of Chief Marketing Officer for the Reuters Group, Hungate completed a refocusing and reinvigoration of the brand and a transformation of marketing capabilities at Reuters. Before becoming Chief Marketing Officer, Hungate was President of Focus Group Accounts, responsible for sales to the largest customers worldwide. Prior to this, he was Co-Chief Executive Officer of Reuters America with joint responsibility for Reuters business in the Americas. He joined Reuters in 1993 and worked at Reuters New Media in New York in the early days of the World Wide Web.

Before joining Reuters in 1993, Hungate worked on strategy projects at Booz Allen & Hamilton in Europe, Asia and the United States, advising clients in the media and high technology industries.

Tom Glocer, Chief Executive Officer, Reuters Group, said: "Having just completed plans for accelerated growth in China and India, Alex is now well placed to drive the implementation of these plans and can quickly assume his broader responsibilities across Asia."

Hungate is based in Hong Kong and reports to Christopher Hagman, Managing Director of Global Sales and Service operations, Reuters.

Christopher Hagman said he was pleased that Alex with his global experience of managing strategic aspects of Reuters financial business for 12 years, is now in Asia running a rapidly changing and high growth region.

"He has shown that he can generate growth in his prior channel roles as Head of Focus Group Accounts and Co-Head of the Americas," Hagman said.

Hungate graduated as a Baker Scholar from Harvard Business School's MBA program. He also holds a Masters Degree in Engineering, Economics & Management from Oxford University.

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