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
Custody not a commodity
28 June 2017 | Warsaw | Reporter: Stephanie Palmer
Viewing custody and clearing as a commoditised industry could be putting pressure on pricing and threatening the industry, according to speakers at The Network Forum
BNY Mellon and Australian financial service provider One Investment Group are joining forces to offer global custody services to Australian fund managers, trustees and responsible entities
70 percent say cyber crime will lead to financial crisis
28 June 2017 | Warsaw | Reporter: Stephanie Palmer
The next financial crisis is ‘highly likely’ to be caused by cyber crime, and the only way to manage this is for the industry to come together, according to a panel session at The Network Forum in Warsaw
J.P. Morgan recruits new head of global custody
28 June 2017 | London | Reporter: Mark Dugdale
Hughes has joined the bank from Deutsche Bank, where he was head of strategic execution for global securities services
R3 completes prototype for ECP issuance
27 June 2017 | London | Reporter: Stephanie Palmer
R3 and four of its member banks have collaborated to build a solution for issuing Euro Commercial Paper on a distributed ledger technology platform
€50 billion mandate win for Caceis
27 June 2017 | Rome | Reporter: Stephanie Palmer
Caceis has been selected to provide custody, depository, fund administration and transfer agency services for Amundi SGR, the Italian subsidiary of the Amundi Group
EFAMA elects Nott as new president
26 June 2017 | London | Reporter: Stephanie Palmer
The European Fund and Asset Management Association has elected William Nott of M&G Securities to serve a two-year terms as president
More news