The Tower Group, which does business as TowerGroup, provides market research and advisory services focused on the financial services industry. The Tower Group, Inc. main focus areas are banking and payments, securities and investments, insurance, and cross-industry. The Tower Group, Inc. also offers strategic consulting and risk assessment services. Clients include CEOs, senior IT managers, and business unit presidents. TowerGroup has offices in North America, the Asia/Pacific region, and Europe. Founded in 1993 and formerly a subsidiary of Reuters and then MasterCard, The Tower Group, Inc. was acquired by The Corporate Executive Board in October 2009.