HONG KONG, Nov. 6, 2014 (GLOBE NEWSWIRE) -- StatPro Group plc (AIM:SOG), a global leader in portfolio analytics solutions, announced that it has signed an agreement with NICE Pricing and Information (NICE P&I) who will act as a referral partner in Korea. The partnership agreement is the first of its kind in the region and will make StatPro Revolution, a cloud-based portfolio analytics platform offering performance, attribution, compliance and risk analytics available to the growing number of asset managers and institutional investors in the Korean Market.
NICE P&I's core business includes bond pricing, bond indices and consulting services. They have built a strong network within the market and have a thorough understanding of the many layers of financial organizations in Korea. Clients referred by NICE P&I who sign up to StatPro Revolution will be able to view highly visual daily performance, risk, contribution, and attribution analysis, all in one place. Allowing the entire organization access to the level of portfolio analysis they need with configurable screen and content access. Using StatPro Revolution, asset managers can now securely share their performance analysis to anyone across their network in a controlled, transparent, and user-friendly manner.
Mr. Youngha Han, Ph.D, Managing Director of NICE P&I commented, "We are pleased to be partnering with StatPro, a globally renowned player in portfolio analytics solutions. Working together in the future we will be able to satisfy the needs of domestic and global investors by fully committing our expertise in bond pricing and asset management."
Laurent Laclaverie, Managing Director of StatPro Asia Pacific said, "We are delighted to be working with NICE P&I as we will be able to satisfy the Korean markets' hunger for enhanced portfolio analytics and reporting solutions. The partnership also tackles one of the traditional market data issues by providing a platform for distributing Korean indices to the clients of StatPro Revolution. We are understandably excited to see what the future holds."
About NICE P&I
Established in June 2000, NICE P&I is a major provider of price and pricing information on diverse financial securities covering domestic and foreign bonds, derivatives and unlisted stocks. Combining pricing information with IT, it also offers financial consulting services such as bond management support systems and financial solution services including a credit risk management system(/w NICE C&I) and GIPS Verification System (/w N-GIPs). In addition, Nice P&I supports investment professionals with the yearly NICE BOND ACADEMY.
NICE P&I carries out its commitment to provide fair price estimates on financial securities by building sound networks in the market, and applying and maintaining a fair and credible pricing model in the hands of in-house pricing specialists to further improve integrity and credibility of financial markets and to support appropriate accounting management.
StatPro is a global provider of portfolio analytics for the investment community. Our cloud-based services provide vital analysis of portfolio performance, attribution, risk and compliance. Hundreds of investment professionals use our cloud services directly or through a fund administrator/partner to perform sophisticated analysis, reporting and distribution every day.