Peter Bale was today appointed Managing Editor of Financial Times MarketWatch, a joint venture between The Financial Times Group and MarketWatch.com. Peter Bale joins from Reuters where he was Deputy News Editor, Europe, Middle East and Africa. Peter Bale will be located at the Financial Times MarketWatch headquarters in London and will report to Thom Calandra, Editor in Chief of Financial Times MarketWatch and CBS MarketWatch.
Commenting on the appointment, Thom Calandra said:
"We are delighted to have someone of Peter Bale's calibre join the FTMarketWatch team. His skills as a journalist, and a technologist, are among the best in Europe. In addition, his extensive experience of leading large teams of journalists will be a great asset as we look to grow our journalist staff fast."
Zach Leonard, CEO, Financial Times MarketWatch said: "Peter Bale's appointment is one of several high-level hires we will be making ahead of our launch in the spring. We are excited by the opportunity to embrace the rapidly expanding market of European private investors who make their investment decisions online and look to the internet for real time market news."
Commenting on his new position, Peter Bale said:
"I am thrilled to be joining a project as exciting as FTMarketWatch.com, that will combine rigorous journalistic discipline with the entrepreneurial spirit of a new Internet venture in a fast changing and exciting European market place."
As Deputy News Editor, Europe, Middle East and Africa at Reuters, Peter Bale directed the daily financial and general news file from 650 journalists in 72 bureaus in 68 countries. Peter Bale worked at Reuters for 15 years with posts covering Eastern and Western Europe and Australia.
Financial Times MarketWatch will provide free, fast, incisive, real time financial and market news to Europe's rapidly growing communities of private investors. The site will be modelled on CBS.MarketWatch.com, which is by far America's biggest and fastest growing financial news site, with 6.9m unique monthly visitors and 525m page per views in the fourth quarter of 1999.
The joint venture agreement between the Financial Times Group and MarketWatch.com was announced on 6 January, 2000.
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