JP Morgan and StatPro form strategic alliance
JP Morgan has announced a strategic partnership with StatPro to develop “a one-stop-shop multi-asset portfolio analytics solution for asset managers,” reports Jane Connolly.
StatPro will work with JP Morgan’s data and analytics arm to develop risk and performance attribution capabilities for portfolio managers through JP’s flagship data and analytics platform. The aim is to help front-office decision makers dynamically manage their risk and performance.
With an initial term of five years, the agreement will give JP Morgan clients access to StatPro Revolution, the company’s portfolio analytics platform, alongside JP Morgan’s fixed income benchmark indices.
Samik Chandarana, head of data and analytics at JP Morgan, says: “This partnership marks the first step in a comprehensive range of analytics services we will be bringing to clients through our digital platform.”
He adds: “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, CEO of StatPro Group, says the partnership will be a “significant contributor to the company’s future growth”.
JP Morgan’s multi-asset clients in Europe and Asia will have immediate access to the service upon launch, while an early adopter programme is to begin in North America.