Investment and focus on Canadian data operations and strategic growth of the Canadian market
TORONTO, ONTARIO, August 23, 2018 – StatPro Group (SOG.L), a leading provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry is delighted to announce two new senior positions and a new divisional structure to bring greater focus to its Canadian operations and clients.
In alignment with the Groups strategic objectives, with a formal go-live date of January 1st 2019, StatPro will begin to operate across three divisions, StatPro Revolution, Source: StatPro, and StatPro Infovest. The Revolution division will focus on our cloud-based performance and risk analytics platform. Source: StatPro will focus on our market data and index services, and Infovest will focus on investment data management solutions.
Source: StatPro operates globally from our Montreal, Milan and London offices and is a well-established part of StatPro already. By dedicating a division to our data services, we will bring renewed commitment and focus to this essential part of our business. To fully support this initiative, Gordon Bloor has joined as CEO for Source: StatPro. Gordon joins StatPro with a wealth of expertise and an extensive background in market data business development.
In addition to Gordon, StatPro has also appointed Nico Coetzee as Director of StatPro Canada Inc., who will be responsible for driving StatPro’s growth strategies across all divisions for Canada, a region that StatPro has designated as essential to its growth plans going forward. Nico, who is based in Toronto, has almost two decades of experience working for asset managers, fund administration and private wealth firms.
StatPro is excited to announce these changes and looks forward to working with all our Canadian clients to better understand the business objectives and challenges, and how our innovative solutions, services and expertise can add value. StatPro will be hosting specific client events in October to expand on this news and to further introduce Gordon and Nico.
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, and NASDAQ.
The Group has operations in Europe, North America, South Africa and Australia, with hundreds of clients in 39 countries around the world.
StatPro has grown its Annualised Recurring Revenue from less than £1 million in 1999 to around £54 million today. Around 80% of recurring revenues are generated outside the UK. StatPro Group plc shares are listed on AIM.