StatPro, a provider of portfolio analytics and asset pricing services, has purchased ODDO BHF’s regulatory risk services bureau.
The acquisition adds a full, managed service for regulatory risk reporting capability, which will use StatPro’s existing Revolution platform.
It also adds ten new clients to StatPro’s client base in Germany and Luxembourg, with the service be marketed by StatPro throughout the EU.
Justin Wheatley, StatPro CEO, said: “We are delighted to make this successful acquisition of ODDO BHF Bank’s highly rated Regulatory Risk Service. The asset management industry continues to outsource data management and standard reporting to fund administrators in order to focus on analysis and trade decision making and execution.
“With this acquisition, we gain new clients in Germany, the expertise of the ODDO BHF risk team and add to our existing managed services for valuations and performance measurement with risk reporting. Once the software replacement is completed, we will swiftly expand the service to other geographies.”
StatPro provides analytics for alternative and traditional asset managers. The Group’s cloud-based platform provides vital analysis of portfolio performance, attribution, risk, and compliance. Regulations, like the AIFM Directive in 2014, are putting increasing pressure on asset managers in the field of portfolio compliance monitoring.
To assist, StatPro also provides compliance monitoring, which is designed for UCITS and AIFMD regulations, responding to ESMA guidelines and reflecting ALFI, CSSF and FCA inputs. It claims to help manage all regulated funds on a single analytics platform with data included.
The company also provides risk compliance analytics, provides fast and flexible risk reporting with extended asset class coverage to enable a more transparent illustration of risk exposure and value at risk.
Last month, Broadridge Financial Services enhanced its Performance Reporting platform by partnering with StatPro. This enhanced existing Broadridge Performance Reporting platform, which allows clients to receive customised daily performance calculations.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
