Investment management alliance announced
BNP Paribas Securities Services and BlackRock Solutions have announced a strategic alliance to deliver integrated investment management to mutual clients.
The solution, delivered via Aladdin Provider, which is BlackRock’s investment management operating platform, would create a ‘fully integrated end-to-end investment management solution’.
It would use BNP Securities Solution’s middle office, fund administration and custody services with Aladdin’s investment management infrastructure, which included analytics, trading and portfolio management tools.
Arnaud Claudon, head of asset owners and managers client lines at BNP Paribas Securities Services, said: “This innovative operating model, which is already live and co-designed with our mutual client, BNP Paribas Asset Management, will combine all the advantages of a leading front office platform with those of our middle and back office capabilities and multi-local expertise”.
Sudhir Nair, global head of BlackRock’s Aladdin business, said: “We are particularly excited to have BNP Paribas Securities Services leverage the Aladdin platform to offer middle office services, providing our mutual clients with operating model flexibility and transparency”.
This was the second collaboration between BlackRock and BNP Securities Services as it was also a client of eFront Invest for asset servicing solutions, which was acquired by BlackRock in 2019.
Recommended for you
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
Morningstar has made two business development appointments to drive the growth strategy of its financial advice software, AdviserLogic.