Gordon Bloor to head up StatPro's 'Source' division

The AIM-traded firm said that in 2019, it would be structured into three divisions - ‘Revolution’ for analytics, ‘Source: StatPro’ for data services, and ‘Infovest’ for integration services.

It said that structure would make the operations of the business clearer, provide distinct divisional management focus, and enable growth in each division based on specific divisional priorities.

The company’s board said Source: StatPro provided a “sophisticated” pricing service for a range of assets, and would contain StatPro's data revenues from market data managed services, evaluated bond prices, index services, yield-curves and complex asset pricing.

Bloor was joining StatPro with what the board called a “wealth of expertise and extensive background” in market data business development.

He was previously CEO of real-time data provider Tenfore, where he led the firm until its sale to Morningstar in 2008 and remained CEO of Morningstar's real-time data division until 2012.

Since leaving Morningstar, Bloor co-founded a capital markets intelligence business, and worked as an advisor in both mergers and acquisitions and business development within the market data and fintech sectors.

He also previously held senior commercial roles at ICV/Primark (Thomson Financial).

“We are delighted to welcome Gordon to StatPro to run Source: StatPro,” said StatPro group CEO Justin Wheatley.

“Gordon's extensive knowledge of the data industry and his hands-on experience at Tenfore make him highly suitable for the role.

“We have extensive data assets that have great potential if further developed commercially and Gordon will bring real focus to this task.”

Gordon Bloor himself said the market recognised the importance of high quality global aggregated data, delivered in “simple and easily integrated” formats.

“Source: StatPro has a wealth of such data, combined with proprietary and sophisticated pricing capabilities for complex and less liquid assets, delivered in a range of managed services.

“I'm excited to be working with the Source: StatPro team to fully realise the potential of our business,” Bloor added.