JPMorgan’s Data and Analytics business has partnered with StatPro to leverage technology for greater asset management insights.
StatPro is a provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry.
Together, JPMorgan and StatPro will develop ‘risk and performance attribution’ capabilities for portfolio managers, with the idea that leveraging data and analytics across JPMorgan’s vast asset management portfolio will help clients become more competitive.
StatPro Revolution, StatPro’s portfolio analytics platform, will help decision makers manage risk and performance based on information and statistics from JPMorgan.
The service is currently being made available to JPMorgan’ European and Asian multi-asset clients, with plans to roll it out in North America too.
Samik Chandarana, Head of Data and Analytics at JPMorgan, said: “We are excited to partner with StatPro, whose high-performance cloud-based technology, combined with our expertise in indeces 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, CEO of StatPro Group, said his company had been selected by JPMorgan due to its “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 JP Morgan’s data and analytics capabilities and our award-winning cloud-based Revolution platform will over JP Morgan’s client’s a consolidated service platform that will give them a competitive advantage,” Wheatley commented. “We expect this partnership will be a significant contributor to our growth in the years to come.”