Investment management alliance announced

bnp paribas blackrock

22 April 2020
| By Laura Dew |
image
image
expand image

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.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 1 hour ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

increased professionalism within the industry - shouldn't that say, FAR register almost halving in the last 24 months he...

4 weeks 1 day ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

2 days 23 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 2 hours ago