StatPro Group PLC Divisional CEO of Source: StatPro appointed
June 28 2018 - 2:01AM
RNS Non-Regulatory
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StatPro Group PLC
28 June 2018
RNS Reach
28 June 2018
Gordon Bloor appointed divisional CEO of Source: StatPro
StatPro Group plc, ("StatPro", "the Group", AIM: SOG), the AIM
listed provider of cloud-based portfolio analytics and asset
pricing services for the global asset management industry, has
appointed Gordon Bloor, as the CEO of one its divisions Source:
StatPro.
In 2019, the Group is to be structured into three divisions;
Revolution (analytics), Source: StatPro (data services), and
Infovest (integration services). This structure will make the
operations of the business clearer, provide distinct divisional
management focus and enable growth in each division based on
specific divisional priorities.
Source: StatPro provides a sophisticated pricing service for a
wide range of assets and will contain StatPro's data revenues from
market data managed services, evaluated bond prices, index
services, yield-curves and complex asset pricing.
Gordon joins StatPro with a wealth of expertise and extensive
background in market data business development. Gordon was
previously CEO of Tenfore, a real-time data provider covering both
Exchange traded and OTC markets. As CEO, Gordon led Tenfore until
its sale to Morningstar in 2008 and remained CEO of Morningstar's
real-time data division until 2012, continuing to successfully grow
the business.
Since leaving Morningstar, Gordon has co-founded a Capital
Markets Intelligence business and additionally worked as an advisor
in both M&A and business development within the Market Data and
Fintech sectors. Gordon has previously held senior commercial roles
at ICV/Primark (Thomson Financial).
Justin Wheatley, Group CEO, StatPro, commented:
"We are delighted to welcome Gordon to StatPro to run Source:
StatPro. Gordon's extensive knowledge of the data industry and his
hands-on experience at Tenfore make him highly suitable for the
role.
"We have extensive data assets that have great potential if
further developed commercially and Gordon will bring real focus to
this task."
Gordon Bloor, Source: StatPro CEO, commented:
"The market recognises the importance of high quality global
aggregated data, delivered in simple and easily integrated formats.
Source: StatPro has a wealth of such data, combined with
proprietary and sophisticated pricing capabilities for complex and
less liquid assets, delivered in a range of managed services.
"I'm excited to be working with the Source: StatPro team to
fully realise the potential of our business".
Enquiries:
StatPro Group plc
Justin Wheatley, Chief Executive +44 (0) 20 8410 9876
Andrew Fabian, Finance Director
Instinctif Partners
Adrian Duffield / Chris Birt +44 (0) 20 7457 2020
About StatPro
StatPro is a global provider of award winning portfolio
analytics solutions for the investment community. The Group's
cloud-based platform provides vital analysis of portfolio
performance, attribution, risk and compliance. This multi-asset
class analytics platform helps StatPro's clients increase assets
under management, improve client service, meet tough regulations
and reduce costs.
The Group's integrated and global data coverage includes over
3.2 million securities such as equities, bonds, mutual funds, FX
rates, futures, options, OTCs, sector classifications and much else
besides. StatPro also covers most families of benchmarks including
MSCI, FTSE, Russell, NASDAQ and the open source Freedom Index.
StatPro has grown its Annualised Recurring Revenue from less
than GBP1 million in 1999 to around GBP53 million at the end of
December 2017. The Group has operations in Europe, North America,
South Africa, Asia and Australia, with hundreds of clients in 39
countries around the world. Approximately 80% of recurring revenues
are generated outside the UK. StatPro Group plc shares are listed
on AIM.
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END
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