StatPro Group PLC (LON:SOG) has appointed Gordon Bloor, as the CEO of its data services divisions, Source:StatPro, ahead of the firm’s restructuring next year.
The AIM-listed provider of cloud-based portfolio analytics and asset pricing services noted that Bloor was previously CEO of Tenfore, a real-time data provider covering both Exchange traded and OTC markets.
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It said that, as CEO, he led Tenfore until its sale to Morningstar in 2008 and remained CEO of Morningstar's real-time data division until 2012.
Since leaving Morningstar, Bloor has co-founded a Capital Markets Intelligence business and additionally worked as an advisor in both M&A and business development within the Market Data and Fintech sectors, StatPro said.
Justin Wheatley, Group CEO, StatPro, commented: “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."
The appointment comes with the group set to restructure into three divisions in 2019 - Revolution (analytics), Source: StatPro (data services), and Infovest (integration services).
The firm said this structure “will make the operations of the business clearer, provide distinct divisional management focus and enable growth in each division based on specific divisional priorities.”