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.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.