Following the appointment of Tim Dennis as European sales director in June this year, portfolio analytics and data solution vendor StatPro has added another new recruit to its European team: Mark Grobien as business development manager for Germany. Grobien will be based in Paris but will be charged with serving the German speaking markets in Europe and working with the vendor’s Frankfurt-based team.
Dennis hopes that Grobien’s experience in the investment management and third party marketing spaces will allow him extra traction with medium and smaller asset managers, hedge funds and pension funds. For the last four years, Grobien has run his own third party marketing firm, Grobien Sarl, marketing German investment funds to institutional investors in the French market.
Between 1997 and 2005, he worked for the investment banking division of Credit Mutuel Group in Paris. Prior to this, he was a Paris-based sales manager at beleaguered financial services company Refco for a period of three years (long before the 2005 scandal broke).
StatPro is focused on expanding rapidly in Europe and this new hire is aimed at building on the vendor’s traction in the French and Italian markets and extending its reach further into Germany. The vendor is heavily focused on pushing its software as a service (SaaS) offerings around its client services portal and its complex financial assets valuations offering, both of which launched last November.
According to the vendor, these offerings have proved popular so far this year and it bagged 11 new asset manager clients over the summer months. The contracts were signed with Nomura Asset Management, MFC Global Investment Management, Aviva, Alexander Forbes, JO Hambro Capital Management, Société General Securities Services, Credem, Bank Syz, State Street, RBC Dexia Investor Services and Hyperion Brookfield Asset Management.