Thomson Reuters investment and advisory chief quits

NEW YORK (Reuters) - Thomson Reuters Corp's (TRI.TO)(TRIL.L)(TRI.N) investment and advisory business chief is leaving the global business information publisher to join a unit of the Daily Mail and General Trust (DMGOa.L).

Suresh Kavan will become chief executive of DMG Information, according to a statement from Devin Wenig, chief executive of the Thomson Reuters markets division, released on Wednesday.

Kavan will stay at Thomson Reuters through July 31, and then be based at DMG Information's headquarters in Stamford, Connecticut.

DMG Information provides data to the property, insurance, financial services, energy trading, geospatial and educational markets. It also invests in and manages business-to-business information companies, according to its website.

Parent company Daily Mail and General Trust publishes the newspapers the Daily Mail, The Mail on Sunday and the Evening Standard. The company's shares in May fell to their lowest level in more than a decade on a cautious outlook for its local media division.

Eric Frank, who has led the investment management unit of the Thomson Reuters investment advisory business, will succeed Kavan, Wenig said.

Revenue at the investment management segment has grown to $1.2 billion (601 million pounds) from $450 million under Frank, according to Wenig. Frank joined Thomson Financial in 2000 after it acquired Carson Group, where he was managing director.

Before Carson Group, he worked at JPMorgan (JPM.N) for 10 years in New York and London.

Kavan joined Thomson Financial when it bought financial and data information company Primark in 2000. He previously worked for I/B/E/S International, the analyst estimate and research reports provider.

(Reporting by Robert MacMillan; editing by Jeffrey Benkoe)