Karen Cone Named President and CEO of TowerGroup

Friday 27 February 2004 00:12 CET | News

Karen Cone, formerly the MasterCard Advisors Global Practice Leader for Research, has been appointed President and CEO of TowerGroup.

Cone joined MasterCard Advisors in May 2003 to establish and grow its research business and rapidly built out a research practice including advisory research, primary market research and performance measurement. Previously, Cone spent ten years at Gartner Inc., where she was a member of the senior leadership team, held several senior level research positions and was the general manager of Prior to Gartner, Cone had a successful 19-year career at IBM, where she gained extensive financial services industry experience and held international assignments in Japan, France and Russia. Mark Sievewright, President and CEO of TowerGroup since February 2000, will work closely with Cone and TowerGroup to ensure a seamless transition, before pursuing new opportunities. Advisors current research and advisory business, Purchase Street Research, was founded in 2003 and is the first such business devoted exclusively to the payments industry. Purchase Street Research will continue to report to Cone. will be enhanced through its integration with, which is a powerful, leading-edge Web-based channel for clients to access and use the research.

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Categories: Payments & Commerce | Payments General
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Payments & Commerce


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