JP Morgan has struck a partnership with software firm StatPro Group to offer a multi-asset portfolio analytics solution for asset managers.
The software company will work with the bank’s data and analytics unit to develop risk and performance attribution capabilities for portfolio managers through the bank’s flagship platform.
The five-year agreement will enable JP Morgan customers to gain access to StatPro Revolution and JP Morgan’s fixed income benchmark indices.
The aim is to improve the decision-making process of front office professionals and support effective risk management.
StatPro CEO Justin Wheatley said: “We believe the combination of J.P. Morgan’s data and analytics capabilities and our many years of investment into our award-winning Revolution platform, will offer clients a truly differentiated product, and this partnership will be a significant contributor to our growth in the years to come.”
The service can be initially availed by clients in Europe and Asia.
Plans are on to eventually launch an early adopter programme in North America.
JP Morgan head of data and analytics Samik Chandarana said: “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.”