Standard Chartered has partnered with BlackRock’s Aladdin platform to offer integrated front-to-back office investment management solutions to mutual clients across Asia, Africa, and the Middle East.
Aladdin works as an operating system for investment managers that connects the information, people and technology needed to manage money in real time.
Standard Chartered says it can now offer a “consistent and coherent” front-to-back experience through BlackRock’s Aladdin Provider Network, bringing its expertise in providing solutions, operational resources and experience as a custodian and fund administrator to clients.
According to Standard Chartered, this further enhances its existing product offerings and unlocks additional value for asset managers and asset owners by providing access to real-time data and will streamline operational workflows across the investment management lifecycle.
For some of the bank’s clients, this partnership also marks the first time that an integrated end-to-end solution is available in many of the emerging and frontier markets across its footprint.
Margaret Harwood-Jones, co-head, financing and securities services at Standard Chartered, comments: “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.”
Akiyoshi Takeuchi, head of BlackRock Solutions Asia Pacific, says: “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,” Takeuchi adds.
In December, BlackRock welcomed HSBC to its Aladdin Provider network.
