Major partnership will provide mutual buy-side clients a real-time settlement solution, in the first of a series of ongoing front-to-back integration points between the two firms.
Chicago-headquartered custodian has created a service to cover all points of the investment lifecycle with landmark BlackRock partnership becoming a key component of the plan.
BlackRock's flagship investment operations platform - Aladdin - is quickly becoming the core infrastructure for custodian’s front-to-back servicing models.
State Street has partnered with Brevan Howard's outsourced operations service to deliver a new integrated front-to-back office services platform for hedge funds.
According to the two global custodians, both had reported a rise of at least 50% in back-office transactions in March verses the first two months of the year.
The partnership will combine Amundi’s portfolio management system with CACEIS’ middle- and back-office services for a broad front-to-back outsourcing platform.
SS&C has expanded Eze Eclipse to the EMEA and Asia-Pacific regions, taking the total number of clients of the front-to-back platform to over 110.
JP Morgan has now moved up to number two in the global custody rankings with just under $27 trillion of assets under custody.
The mandate suggests larger-sized asset owners and asset managers now see outsourced trading as a viable solution for their investment operations.