Thomson Reuters has created a new governance, risk and compliance business unit bringing together its Complinet, Paisley, Westlaw Business, West’s Capitol Watch, Oden and Westlaw Compliance Advisor brands.

The new unit aims to help customers assess and monitor business risk, design and manage policies, draft M&A and debt transactions, disclose and report externally and internally, educate employees, and protect against financial crime and money laundering.

The president of the new unit, David Craig, will report to Peter Warwick, president and chief executive of Thomson Reuters’ Legal business.

“The regulatory world continues to become more complex, and market trends indicate that the need for comprehensive GRC solutions has never been greater,” said Craig. “Bringing together our businesses across the GRC workflow under single management and coupling them with Thomson Reuters’ vast information assets, advanced technology, market presence and experience will allow us to serve clients in an unprecedented manner.”

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