29 November 2017
StatPro Group PLC
Rory Curran succeeds Carl Bacon as Chairman
StatPro Group plc, (“StatPro”, “the Group”, AIM: SOG), the AIM listed provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, confirms that as announced on 4 April 2017, following the conclusion of today’s scheduled Board meeting, Carl Bacon, non-executive Chairman, will step down as Chairman and retire from the Board of Directors.
Rory Curran, currently a non-executive director, will succeed Carl.
|StatPro Group plc|
|Justin Wheatley, Chief Executive||+44 (0) 20 8410 9876|
|Andrew Fabian, Finance Director|
|Panmure Gordon – Nomad and Broker|
|Corporate Finance – Freddy Crossley / Fabien Holler||+44 (0) 20 7886 2500|
|Corporate Broking – Tom Salvesen / James Stearns|
|Adrian Duffield / Chris Birt||+44 (0) 20 7457 2020|
StatPro is a global provider of award winning portfolio analytics solutions for the investment community. The Group’s cloud-based platform provides vital analysis of portfolio performance, attribution, risk and compliance. This multi-asset class analytics platform helps StatPro’s clients increase assets under management, improve client service, meet tough regulations and reduce costs. The Group’s integrated and global data coverage includes over 3.2 million securities such as equities, bonds, mutual funds, FX rates, futures, options, OTCs, sector classifications and much else besides. StatPro also covers most families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the open source Freedom Index. The Group has operations in Europe, North America, South Africa, Asia and Australia, with hundreds of clients in 39 countries around the world. StatPro has grown its Annualised Recurring Revenue from less than £1 million in 1999 to around £53 million at end September 2017. Over 75% of recurring revenues are generated outside the UK. StatPro Group plc shares are listed on AIM.