Larry Tabb Launches The Tabb Group, a Financial Markets Technology Strategy and Planning Consultancy

Boston, MA, June 17, 2003 – According to Larry Tabb, the 23-year industry veteran and respected financial services IT industry analyst, "Difficult times require new business, technology and management strategies."

And with that, on June 17, Tabb, the former vice president of securities and investments at TowerGroup, the New England-based analyst firm owned by Reuters Group (NASDAQ: RSTRY), is founding The Tabb Group, an advisory firm focused on helping financial services firms, vendors and technology integrators better understand, create and execute their technology visions.

"While TowerGroup was a great run and I’ve appreciated the opportunity to have worked with a number of outstanding clients, industry professionals and analysts…it’s time to build another world-class organization that is more targeted on financial markets institutions and vendors’ specific needs," added Tabb.

Nearly two months after leaving TowerGroup, Tabb has taken on consulting clients in New York and Boston and has accepted invitations to serve as conference chair, panel moderator and keynote speaker at major industry and private company-sponsored events, including the Securities Industry Association (SIA) Technology Management Conference where he will be speaking Thursday morning, June 19, at the Hilton New York on "The Search for End-to-End Electronic Trading Solutions."

He was also named a contributing editor at Wall Street & Technology, a leading monthly trade magazine published by CMP Media, a United Business Media Company (NASDAQ: UNEWY), and Finextra, a UK-based finance-specific newswire, www.finextra.com, where he writes a bi-weekly column titled "Tabb on Technology."

At TowerGroup, where Tabb founded the securities and investments research practice in 1996, managing research in capital markets, investment management, retail brokerage and wealth management, he helped develop it into a global brand representing over 150 research clients.

He has been cited hundreds of times over the past seven years in The Wall Street Journal, Barron’s, Information Week, Computerworld, American Banker, Securities Industry News and other industry publications and on CNN, CNBC, Reuters, Bloomberg and Dow Jones News. He has also been a featured speaker at numerous industry conferences, addressing topics such as straight-through processing, wealth management, financial planning, business continuity and disaster recovery, Grid computing, blade server technology and technology trends in global securities.

Co-sponsored by TowerGroup and the Securities Industry Association, he authored in-depth, biennial technology surveys covering technology trends and spending, including: Technology Trends in the Securities Industry: Investing in Tomorrow’s Infrastructure (2001); Technology Trends in the Securities Industry: Transition to an Online World (1999); and Technology Trends in the Securities Industry: Spending, Strategies, Challenges and Change (1997, co-author).

Prior to joining the TowerGroup in 1996, Tabb managed business analysis and capital markets technology planning for Lehman Brothers’ trading services division in New York, overseeing the specification, testing and implementation of dozens of major systems.

He began his financial industry career handling operations for the North America investment bank of Citibank, where he managed front-office trading operations, front-office finance operations, back-office money market operations and, at the end of his six years at Citibank, running their proprietary trading clearance and settlement operations for US Treasury debt.

With offices outside of Boston in Westboro, Massachusetts, he can be contacted at The Tabb Group at 1-508-836-2031.

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