StatPro signs five-year deal with JPMorgan

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, 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."

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