Euromoney chairman Ensor to be replaced by Reuters boss

Euromoney Institutional Investor has appointed Reuters UK chief Andrew Rashbass as its new executive chairman after Richard Ensor decided to step down after a 39-year tenure.

Rashbass, who has previously been publisher and later chief executive of The Economist, will replace Ensor at the end of the company's financial year on 30 September.

Ensor joined the board of Euromoney, which is 70%-owned by the Daily Mail and General Trust Group, three years before the small print publisher floated in 1986.

As managing director from 1992 and taking the role of executive chairman in 2012 he has helped guide it into the realms of FTSE 250 solidity.

"It has been very exciting to help lead the business from its early days as a small print publisher to the international online information and events business it is today," Ensor said.

The launch of Euromoney's Delphi content platform and the digital transformation of its titles were two significant recent Ensor initiatives cited by the company as having helped grow digital revenues to more than half of the group's total.

Rashbass added: "Euromoney has established a global platform built on strong brands and a world-class digital backbone under the leadership of Richard Ensor. The company has considerable opportunities for continued growth and I am very excited to be joining the team."