MasterCard Advisors Acquires TowerGroup From Reuters

Friday 27 February 2004 00:10 CET | News

MasterCard Advisors, a subsidiary of MasterCard International, has aquired TowerGroup from Reuters.

MasterCard Advisors is a global professional services organization, offering consulting, research, outsourcing and information products and services. The acquisition is part of Advisors’ strategy to deepen and strengthen its research expertise and to provide clients with best-in-class advisory research across the financial services industry. The divestiture of TowerGroup from Reuters portfolio is consistent with Reuters increasing focus on its core business. TowerGroup, which had been operating as a subsidiary of Reuters since 1999, is the leading research and advisory firm focused exclusively on the global financial services industry. TowerGroup will continue to operate as a separate business with full editorial independence, and its headquarters will remain in Needham, MA.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce