London
07 April 2017
Reporter: Stephanie Palmer
StatPro sets sights on UBS Delta
Portfolio analysis and asset pricing service provider StatPro is set to acquire UBS Delta, the risk and performance analytics service of UBS.

According to StatPro, the acquisition is intended to extend its risk and performance analytics service and to broaden its potential market.

UBS Delta will be incorporated into the StatPro Revolution product over a three- to five-year phase-in period. UBS will continue to operate and support UBS Delta until the transition is complete.

Following this process, UBS clients will be able to migrate to StatPro Revolution. It is understood that the UBS Delta team will also transfer to StatPro.

Justin Wheatley, CEO of StatPro, commented: “This acquisition transforms our scale and capabilities and we are delighted to be working with such a highly esteemed team. It will also enable us to offer a significantly enhanced product capability for all our clients.”

“The award winning UBS Delta platform will be maintained for the next five years while we incorporate the unique UBS Delta functionality into our flagship cloud platform, StatPro Revolution. All the UBS Delta clients will be supported fully and their current processes preserved until they are ready to migrate to StatPro Revolution.”

Hishaam Caramanli, global head of securities eCommerce at UBS Investment Bank, added: "We are incredibly proud of UBS Delta, our award winning risk and performance analytics platform, and the talented team of people that provide this service to our clients.”

“We are delighted to have entered into a transaction with StatPro, a leader in this market with the technical experience and growth capital to enhance the platform and create a next-generation experience for our clients."

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Geopolitics causing confusion in financial crime compliance
25 April 2017 | London | Reporter: Stephanie Palmer
The Trump administration’s approach to regulation is a concern when it comes to financial crime compliance, but experts speaking at the SWIFT Business Forum suggested that attendees may have bigger fish to fry
BNP Paribas aims for €2 billion+ revenue
25 April 2017 | Paris | Reporter: Mark Dugdale
The French custody bank revealed the aim as part of its recent investor day, with a list of expanded service offerings proposed
Sharing is caring is cyber crime combat
25 April 2017 | London | Reporter: Stephanie Palmer
A more holistic and communicative approach is required to tackle cyber crime in financial services, heard attendees of the SWIFT Business Forum
SWIFT tests distributed ledger technology for reconciliations
25 April 2017 | Brussels | Reporter: Drew Nicol
The results of the proof of concept will be presented at Sibos in Toronto in October
NEX Group pairs ENSO and RSRCHX for MiFID II solution
25 April 2017 | New York | Reporter: Drew Nicol
The NEX Group's ENSO, a centralised treasury management solution for the buy side, is set to expand its broker vote tool to include research consumption for the second Markets in Financial Instruments Directive
New faces on DTCC board of directors
24 April 2017 | New York | Reporter: Stephanie Palmer
The Depository Trust & Clearing Corporation (DTCC) has appointed four new members to its board of directors
Saudi stock exchange makes move to T+2
24 April 2017 | Riyadh | Reporter: Stephanie Palmer
Tadawul, the Saudi Arabian stock exchange, has officially moved to a T+2 settlement cycle for listed securities, from its previous T+0 system
More news