Reuters Sells Towergroup to Mastercard Advisors
MasterCard Advisors, a subsidiary of MasterCard International, has acquired TowerGroup from Reuters. The acquisition is part of Advisors’ strategy to deepen and strengthen its research expertise and to provide clients with advisory research across the financial services industry. TowerGroup will continue to operate as a separate business with full editorial independence, according to MasterCard. Karen Cone, formerly the MasterCard Advisors Global Practice Leader for Research, has been appointed President and CEO of TowerGroup.