Standard Chartered has entered into a strategic partnership with BlackRock’s Aladdin platform to offer integrated front-to-back office investment management solutions to mutual clients across Asia, Africa, and the Middle East.
Standard Chartered can now offer a consistent and coherent front-to-back experience through BlackRock’s Aladdin Provider Network, bringing its expertise in providing innovative solutions, operational resources and experience as a custodian and fund administrator to clients across the Bank’s unique footprint.
This further enhances Standard Chartered’s existing product offerings and unlocks additional value for asset managers and asset owners by providing access to real-time data and streamlined operational workflows across the investment management lifecycle, delivering improved efficiencies and managing operational risks and costs. For some of the Bank’s clients, this partnership also marks the first time that an integrated end-to-end solution is available in many of the emerging and frontier markets across its footprint.
Margaret Harwood-Jones, Co-Head, Financing & Securities Services at Standard Chartered said: “We are delighted to be part of the Aladdin Provider Network, which demonstrates our firm commitment to support clients in achieving greater efficiencies and accessibility through innovative partnerships. This collaboration strengthens Standard Chartered’s deep roots throughout rapidly developing markets across our footprint, by expanding the range of solutions we can deliver through a single, unified investment management platform. We look forward to further enhancing the sophistication of the data conversation between BlackRock and Standard Chartered for the benefit of our clients.”
Akiyoshi Takeuchi, Head of BlackRock Solutions Asia-Pacific said: “We place tremendous value on Standard Chartered’s adoption of Aladdin Provider Network. It symbolises a strong partnership based on our shared commitment to helping clients. Moreover, it underscores growing momentum in bringing innovative solutions deeper into emerging markets throughout Asia, Africa, and the Middle East.”
The alliance builds on Standard Chartered’s ongoing relationship with BlackRock, leveraging the focus both organisations have on innovation and digitisation, and is part of the Bank’s longer-term strategic partnership with the global asset manager to provide an enhanced experience for our institutional clients.