But within Thomson Reuters, all is well and the combined entity has already come out with its first series of integrated products for wealth managers, according to Debra Walton, global head of market development. “We spent our first 90 days focusing on two key areas: people integration and laying out our product strategy,” she says. Walton said she could not disclose how many employees have been laid off, but she said, “it’s not about reduction of people.” While the company has “synergy targets” it needs to deliver on, Walton says those synergies will come from more from consolidating real estate and sharing backend infrastructure than from letting go of people.

On the product side, naturally Thomson Reuters is trying to come up with best-of-breed product combinations. Reuters focused mainly on trading floor technology and distributing global news, whereas Thomson came from the buy side, focused on the Americas and provided referential content. “There’s less overlap than you would think,” Walton says.

The company has already mashed some of the two companies’ products. For instance, Reuters’ 3000extra market data platform has been merged with Thomson’s Tradeweb fixed-income transaction viewer. Reuters’ news and messaging and Lipper Funds have been combined with the Thomson One wealth management platform.

The first product upgrades to come will benefit the wealth management community. “We have begun an upgrade of the Reuters Plus customers to a new strategic wealth management product based on Thomson One,” Walton says. “We’ve just begun this process, we’re engaging with Reuters Plus customers now to help plan these upgrades.” Those customers will now have access to one platform that will have Reuters’ news and messaging and the workflow built into Thomson’s book management and wealth management software.

Thomson Reuters is in the process of integrating investment banking products too, putting Reuters’ news and messaging together with the Thomson Strategic Investment Banking web-based product. The company is also developing new post-trade services, combining Tradeweb and Omgeo technology with Reuters' data products.

The company plans to offer more user-segmented products, so that for instance there will be a series of programs designed for the fixed-income trader, another for the corporate investor relations officer, and so on. Later this year, Thomson Reuters will introduce new product names and new branding and announce which desktop platforms and backend infrastructure it will standardize on.