Sky News has confirmed the appointment of Sunday Telegraph business editor Mark Kleinman to the newly created role of City editor.
Press Gazette revealed last week that Sky News was looking to hire a Fleet Street big hitter to beef up its business news coverage and potentially take on BBC rival Robert Peston.
John Ryley, the head of Sky News, said: “Business news has been the biggest continuous story over the last 18 months or more.
“The public’s ever increasing appetite for business news means we need to improve our ability to deliver original journalism, world-class analysis and the biggest interviews.
“Mark will help us achieve these goals.”
Kleinman will join Sky in the autumn after 18 months as City editor of the Sunday Telegraph.
He was previously based in Hong Kong as Asia business editor for both Telegraph titles and before that he was mergers and acquisitions and media correspondent for The Sunday Times.
Sky poached Daily Telegraph editor-at-large Jeff Randall to front a new nightly business news show last November.
As part of an ongoing expansion of the business team, Sky News also plans to appoint a second business correspondent, to work alongside Joel Hills, later in 2009.