BlackRock, the world’s largest asset manager, has signed a deal with Standard Chartered to provide its technology platform, Aladdin, to the UK bank’s emerging market asset management clients.
The collaboration will see Aladdin offered to Standard Chartered’s Mena-based users as well as those in Asia and Africa.
Margaret Harwood-Jones, Standard Chartered’s co-head of financing and securities services, said the deal would “expand the range of solutions we can deliver through a single, unified investment management platform” and enhance “the sophistication of the data conversation between BlackRock and Standard Chartered for the benefit of our clients”.
The bank also stated that for some of its clients, this partnership marks the first time that an integrated end-to-end platform such as Aladdin has been available in many of the emerging and frontier markets.
Aladdin, which initially served as BlackRock’s internal risk and portfolio management system, has become widely used in the asset management world since it was marketed to third-party asset managers in 1999.
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