The latest moves in wealth management across the UK, Europe, Middle East and Africa.

StatPro
UK-listed StatPro Group, which provides cloud-based portfolio analytics and asset pricing services for investment firms, has made two senior appointments for its Canadian business, while revamping its operational structure.

Officially starting from 1 January, 2019, StatPro will begin to operate across three divisions: StatPro Revolution, Source: StatPro, and StatPro Infovest. The Revolution division will focus on their cloud-based performance and risk analytics platform. Source: StatPro will focus on their market data and index services, and Infovest will focus on investment data management solutions.

Source: StatPro operates globally from its Montreal, Milan and London offices. By dedicating a division to its data services, the firm said that it is showing a renewed focus on this part of its business. As part of the process, it has appointed Gordon Bloor as chief executive for Source: StatPro. The firm has also appointed Nico Coetzee as director of StatPro Canada, who will be responsible for driving StatPro’s growth strategies across all divisions for Canada. Coetzee, who is based in Toronto, has almost two decades of experience working for asset managers, fund administration and private wealth firms.

The group has operations in Europe, North America, South Africa and Australia. The business has annualised recurring revenue of around £54 million ($69.5 million), rising from less than £1 million in 1999. The firm is listed on the London Stock Exchange’s AIM market.

State Street
State Street Corporation has appointed Jörg Ambrosius and Mike Fontaine as co-heads of global services in Europe, Middle East and Africa. 

Ambrosius, who most recently held the title of head of sector solutions, EMEA, will remain based in Munich; whilst Fontaine, who previously held the title executive vice president, US investor services, has relocated from Boston to Dublin. 

Both will report to Liz Nolan, chief executive of EMEA, as well as to Andrew Erickson, head of the global services business. 

As part of their roles, Ambrosius and Fontaine will continue to drive and execute State Street’s servicing strategy for the domestic markets in the region, with Ambrosius focusing on onshore and Fontaine focusing on offshore markets.

Ambrosius and Fontaine will both sit on Nolan’s EMEA management committee; as well as Erickson’s global services management team.