StatPro Group, the Wimbledon-based provider of portfolio analytics for the asset management industry, has launched a new office in Hong Kong. 

The Hong Kong division, based at 99 Queen's Road, Central, will be led by Laurent Laclaverie, StatPro executive director, confirmed a spokesperson.

“The Asian market is fertile ground for expansion,” Justin Wheatley, StatPro Group chief executive said in local reports. “We look forward to providing the Asian asset management industry products that streamline their operations and provide the foundation for business growth.”
 

The move has been well received. Earlier this year research analysts at Edison Investment upped their 2013 revenue forecast for StatPro to £2 million ($3.2 million), partly to reflect the anticipated positive impact from the launch of Statpro’s Hong Kong office.

London-listed StatPro Group provides enhanced transparency and instant reporting for asset managers globally. It employs around 250 people worldwide with a market cap of just over £61 million as at August 2011.