Cloud-based portfolio analytics and asset pricing services company StatPro Group plc (StatPro), has announced a strategic partnership with J.P. Morgan’s Data and Analytics team for an initial term of five years.
The aim is to enable front-office decision makers to manage their risk and performance, while simultaneously accessing the breadth of services J.P. Morgan makes available on its client platform.
The agreement has been made to help develop risk and performance attribution capabilities for portfolio managers through J.P. Morgan's data and analytics platform. The offering will also provide J.P. Morgan clients access to StatPro's portfolio analytics platform, StatPro Revolution and J.P. Morgan's Fixed Income Benchmark Indices. The two companies hope that the combination of StatPro’s platform and J.P. Morgan’s data and analytics capabilities will also create an attractive one-stop shop for many organisations.
The service will be available to J.P. Morgan’s European and Asian multi-asset clients at launch, and an early adopter programme will begin for its clients in North America. J.P. Morgan and StatPro are building a fully cross-asset capability in the region, expanding coverage to include US Securitized Products.
Samik Chandarana, Head of Data and Analytics at J.P. Morgan, believedthe partnership would create a legitimate new choice for clients.
He said: "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, StatPro CEO, felt it represented evidence of StatPro’s growing capabilities that would contribute to long-term opportunities for growth.
He said: "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.”
