StatPro Group PLC J.P. Morgan partners with StatPro (1042D)
June 24 2019 - 2:00AM
UK Regulatory
TIDMSOG
RNS Number : 1042D
StatPro Group PLC
24 June 2019
24 June 2019
StatPro Group PLC
J.P. Morgan partners with StatPro to develop a multi-asset
portfolio analytics solution for asset managers
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, and the
Corporate & Investment Bank of J.P. Morgan (NYSE: JPM) have
today announced a strategic partnership with an initial term of
five years between J.P. Morgan's Data and Analytics business and
StatPro to develop Risk and Performance Attribution capabilities
for portfolio managers through J.P. Morgan's flagship data and
analytics platform.
This offering will provide J.P. Morgan clients access to
StatPro's award-winning Portfolio Analytics platform, StatPro
Revolution, alongside J.P. Morgan's market-leading Fixed Income
Benchmark Indices. This will enable front-office decision makers to
dynamically manage their risk and performance, while simultaneously
accessing the breadth of services J.P. Morgan makes available on
its client platform.
For StatPro, this represents a significant new channel
partnership for its services. J.P. Morgan has many asset
management, hedge fund and pension fund clients which it services
across the world and a large salesforce to promote the service. The
combination of StatPro's platform and J.P. Morgan's data and
analytics capabilities creates an attractive one-stop shop for many
organisations.
At launch, the service will be immediately available to J.P.
Morgan's European and Asian multi-asset clients, and an early
adopter programme will begin for its clients in North America,
where J.P. Morgan and StatPro are building a fully cross-asset
capability, by expanding coverage to include US Securitized
Products.
Samik Chandarana, Head of Data and Analytics at J.P. Morgan,
commented,
"This partnership marks the first step in a comprehensive range
of analytics services we will be bringing to clients through our
digital platform.
"We are excited to partner with StatPro, whose high-performance
cloud-based technology, combined with our expertise in indices and
analytics and our place in the market, will offer our clients a
genuine alternative in portfolio analytics at a time of
consolidation amongst other providers."
Justin Wheatley, Group CEO, commented:
"This partnership is another demonstration of our widening
capabilities, market position and routes to market. Our selection
by J.P. Morgan is undoubtedly due to our advanced technology as
well as our extensive and deep functionality.
"At a time when fee pressure and increasing regulation is
squeezing margins for asset managers, we believe the combination of
J.P. Morgan's data and analytics capabilities and our award-winning
cloud-based, Revolution platform, will offer J.P. Morgan's clients
a consolidated service platform that will give them a competitive
advantage.
"We expect this partnership will be a significant contributor to
our growth in the years to come."
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this information is considered to be in the public
domain.
Enquiries:
StatPro Group plc
Justin Wheatley, Chief Executive +44 (0) 20 8410 9876
Andrew Fabian, Finance Director
Panmure Gordon - Nomad and Broker
Corporate Finance - Freddy Crossley
/ Fabien Holler +44 (0) 20 7886 2500
Corporate Broking -James Stearns
Instinctif Partners
Adrian Duffield/Kay Larsen/Chantal
Woolcock +44 (0) 20 7457 2020
J.P. Morgan
Jessica Francisco +1 (212) 270 1719
Patrick Burton +44 (0) 20 7134 9041
About StatPro
StatPro Group (www.statpro.com) provides cloud-based portfolio
analytics, asset data services and data management tools for the
global asset management industry and asset management service
providers.
The Group has 10 offices in Europe, North America, South Africa
and Australia, servicing around 450 clients in 40 countries. It is
organised into three divisions: Revolution, Source: StatPro and
Infovest.
Revolution is a global provider of award-winning portfolio
analytics solutions. The cloud-based platform offers vital analysis
of portfolio performance, attribution, risk and compliance.
Revolution helps clients reduce costs, improve client communication
and control investment decisions.
Source: StatPro is a global market data business and provides
Data-as-a-Service to Revolution to enable analytics. The division's
integrated and global data coverage includes millions of securities
covering the full range of financial instruments and
benchmarks.
Infovest, supplies data management solutions for the global
asset management market, including data warehouse technology, ETL,
compliance and reporting tools as well as portfolio management
solutions.
StatPro Group plc shares are listed on AIM.
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END
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