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Adepa selects StatPro in Luxembourg first
Adepa selects StatPro in Luxembourg first
London, 17 May 2010 - StatPro Group plc, a leading provider of portfolio analysis and asset evaluation services for the global asset management industry, today announces that Adepa Asset Management in Luxembourg has signed a contract for components of Seven, StatPro's new SaaS system aimed at performance and risk specialists in large asset managers.
London,
Islington,
United Kingdom
(prbd.net)
18/05/2010
"StatPro was able to offer an impressive and cost-effective outsourced response to our problem"
Adepa is the leading Spanish provider in Luxembourg of asset management, fund administration and corporate services for investment funds addressed to institutional clients, professional investors and high net worth individuals around the world.
StatPro provides Adepa with portfolio compliance, risk and data management services, within a hosted environment. StatPro Seven combines zero IT footprint with full data management and automatic upgrades.
"This agreement is our first deal for StatPro Seven in Luxembourg and we are really excited about that," said Justin Wheatley, StatPro Group's CEO. "In a tough regulatory climate such as this, it is crucial for asset management companies to choose a scalable and reliable solution to help support growth in their business. A hosted solution such as StatPro Seven means that implementation is fast and cheap, and maintenance for the client is minimal."
Carlos Alberto Morales, Managing Director at Adepa Asset Management and Alex Bardaji, Head of Risk & Compliance at Adepa Asset Management:
"StatPro was able to offer an impressive and cost-effective outsourced response to our problem, enabling us to concentrate on what we do best – managing portfolios and controlling risks. We are now benefiting from StatPro's compliance, risk and data management components, which among other things will help us to meet the requirements of Ucits IV."
For further information please contact:
Jeanine Leuckel
StatPro
Tel: 020 8410 8655
Email: jeanine.leuckel@statpro.com
Fabienne Pasquion
Ascension Consulting
Tel: 020 7100 6111 / 07984 119846
Email: fabienne@ascensionconsulting.co.uk
About StatPro:
StatPro is a leading provider of portfolio analysis and asset evaluation services for the global asset management industry. The company sells a SaaS-based analytics and data platform on a rental basis to investment management companies allowing them to analyse portfolio performance, attribution, risk and GIPS® compliance. StatPro also provides market data and valuation feeds including a Complex Asset Pricing service. For more information on StatPro, please visit our website at www.statpro.com
About Adepa:
Founded in 1980, Adepa provides asset management, fund services, private equity and corporate services to a broad range of European entities. It is part of the Sebroker group (a member of the Madrid, Barcelona, Paris, Brussels, Lisbon, Amsterdam, Frankfurt and Milan stock exchanges).
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