Tuesday, 16 July 2024
AIA collaborates with BlackRock and BNY to enhance investment platform
AIA Group Limited (AIA) announces a new agreement with BlackRock and BNY, as AIA transforms its investment platform, to support the company’s long-term investment programme.
Through this agreement, AIA will implement BlackRock’s Aladdin®, a technology platform that unifies the investment management process, with BNY’s specialised investment operations and data management services and technology, to create a connected and scalable ecosystem to support AIA’s evolving investment activities. This will provide AIA with an end to-end solution, empowering the group’s investment professionals with enhanced data and analytics capability, and more robust risk management tools.
Mark Konyn, AIA Group chief investment officer, said: “This strategic collaboration brings our long-term investment programme together with an enhanced ability to deliver industry-leading investment solutions and provide positive, sustainable outcomes for our stakeholders. As we work with BlackRock and BNY to transform our platform, AIA will continue managing our growing investment portfolio at greater scale to meet our performance, risk management
and sustainable investment goals. With the solutions we are implementing, AIA will gain a single, consistent, and timely view across all asset classes allowing us to make even more
informed investments across complex market environments.”
Rob Goldstein, chief operating officer, BlackRock, said: “We are thrilled to engage with AIA to deliver the breadth of Aladdin across AIA’s whole portfolio, including public and private assets, along with the ability to support insurance-specific needs. We look forward to working with BNY to deliver a seamless experience to AIA.”
Emily Portney, global head of asset servicing, BNY, said: "We are proud to support AIA in enhancing their investment platform with a new data-driven operating model that will deliver critical insights, elevate the client experience and improve operational efficiency. We are also excited to continue our ongoing collaborative work with BlackRock, to deliver best-in-class solutions for our mutual clients.”
Re-disseminated by The Asian Banker
