StatPro has previously explained that the Group is to be structured into three divisions in 2019. Revolution will be the Analytics division, comprising Revolution, Seven, Delta and Alpha. Source: StatPro will be the data division while Infovest will be the integration and data management division, comprising Infovest and StatPro Portfolio Management (SPM). StatPro’s Capital Markets Day gave a very useful rundown on the development of the Group and the prospects for growth under its new divisional structure. The presentations from the divisional CEOs identified the potential that lies within the individual businesses but also the benefits of selling combinations of Group products to its clients. Currently, 47 of StatPro’s 500 clients use services from more than one of the new divisions so the opportunity to increase the Group’s share of its clients’ spend is clear. In this document, we summarise the main points from the CMD and highlight what to expect from the divisions.
The Revolution platform will focus on the provision of measures of performance, European risk compliance and asset liability management. It will organise its sales strategy for current products and then pursue growth. Functional parity with Seven will be achieved in 2019 which will remove the functional block to the migration of clients from Seven to the Revolution platform. It will continue to expand its relationships with existing distribution partners and help partners to grow. There is an opportunity for market expansion with mooted GIPS (Global Investment Performance Standards) compliance likely to be extended to asset owners.
Infovest will look to leverage the StatPro’s global footprint (11 offices in 9 countries) and will use the Revolution sales force of 20 people to further sales of the Group’s combined product offerings via Infostore. This will provide clients with a completely integrated data management solution which can be tailored for client requirements. Clients should experience shorter implementation times, a faster return on investment and greater efficiency benefits.
StatPro brings together established data services within the Group into one division. In addressing the growing complexities in data management, its managed data solution provides a single source for pricing and reference data and outsources the management of that data. The solution gives clients uniform data formats across multiple asset classes to multiple platforms. Clients include asset managers, fund administrators and other vendors. StatPro’s existing clients represent a huge opportunity for sales of data services.