Hegarty, managing director and global head of market structure at Thomson Reuters, was previously responsible for strategy at DTCC and before that was an analyst at TowerGroup, so he has an unusually broad view of market direction.

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The profitability of the Grasslands structure comes from ranching fees per head of cattle, and is based directly on the Savory Institute business model.

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Cyprus remained the focus for markets in Asia after Eurogroup head Jeroen Dijsselbloem on Monday said that the structure of the island's rescue package could serve as a template for future bailouts in region, according to media reports.

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In NBC's new management structure, she reports to Pat Fili-Krushel, head of the NBC Universal News Group, as do MSNBC President Phil Griffin and CNBC President Mark Hoffman.

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The tree that carried my ax head did not die, but it lost a major stabilizing part of its structure.

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