UK banking group Standard Chartered Bank announced on Thursday it has teamed up with BlackRock’s Aladdin platform to offer integrated end-to-end office investment management solutions to mutual clients across Asia, Africa, and the Middle East.
According to BlackRock, Aladdin technology combines risk analytics and scalable investment systems with BlackRock’s capital markets and industry expertise for BlackRock and hundreds of retail clients and institutional investors, including asset managers, pension funds, insurers, and corporate treasurers.
“Aladdin is an end-to-end investment management and operations platform that combines sophisticated risk analytics with comprehensive portfolio management, trading and operations tools on a single, unified platform. Also customized for wealth managers, the Aladdin® platform provides a common language across the investment lifecycle and enables a culture of risk transparency among users.”
Standard Chartered reported that the collaboration will further enhance its existing product offerings and unlocks additional value for asset managers and asset owners by providing access to real-time data and streamlined operational workflows across the investment management lifecycle, delivering improved efficiencies and managing operational risks and costs. While sharing more details about the partnership, Margaret Harwood-Jones, Co-Head, Financing & Securities Services at Standard Chartered, stated:
“This collaboration strengthens Standard Chartered’s deep roots throughout rapidly developing markets across our footprint, by expanding the range of solutions we can deliver through a single, unified investment management platform. We look forward to further enhancing the sophistication of the data conversation between BlackRock and Standard Chartered for the benefit of our clients.”
Akiyoshi Takeuchi, Head of BlackRock Solutions Asia-Pacific, added:
“We place tremendous value on Standard Chartered’s adoption of Aladdin Provider Network. It symbolises a strong partnership based on our shared commitment to helping clients. Moreover, it underscores growing momentum in bringing innovative solutions deeper into emerging markets throughout Asia, Africa, and the Middle East.”