andrew rashbassAndrew Rashbass, CEO of Reuters, is leaving for the executive chairman slot at Euromoney Institutional Investor.

He joined Reuters two years ago after a 15-year stint at The Economist Group.

At Euromoney, Rashbass is to step up its push to develop digital-only formats for its more than 100 publications, which include Euroweek, Global Investor, InvestHedge, Industrial Minerals, Petroleum Economist, Med Ad News and Managing Intellectual Property.

John Botts, senior non-executive director, said Rashbass "is a good fit for us given his track record and proven quality to deliver top-quality journalism."

UK-based Daily Mail and General Trust owns Euromoney.

Stephen Adler, editor-in-chief of Reuters, is replacing Rashbass on a temporary basis.