The launch of the solution comes as BlackRock looks to make its Aladdin Provider platform a core infrastructure used between investment managers and asset servicers.
Agreement will allow custodian’s asset servicing business to operate BlackRock Aladdin’s middle-office service on behalf of common strategic clients for a more integrated front-to-back model.
HSBC will begin rolling out its securities services offering on the Aladdin Provider platform to clients globally from 1H2021, starting in Hong Kong and Singapore.
Industry expert warns of complications in separating ‘church from state’ following call for division of custodian and asset management units
The suggestion by an influential US think tank last week could have a significant impact on other custodians in the market if such a move was widely enforced.
The American Economic Liberties Project says that the law should be amended to separate systemically important infrastructure activities from other lines of business.
State Street’s acquisition of Charles River sparked a ripple effect of rival custodians partnering with BlackRock’s Aladdin, but the bank’s chief says the real competition is still with Excel spreadsheets.
Custodian pilots new solution with BlackRock, digitising the custody account opening workflow through Saphyre’s technology.
IHS Markit hires 20-year BlackRock veteran who most recently led the development of post-trade and outsourcing capabilities of its flagship Aladdin platform.
The new ETF follows a ruling from Hong Kong’s SFC which relaxes rules for the master-feeder regime in the territory.