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.
“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,” said Margaret Harwood-Jones, co-head, financing and securities services at Standard Chartered in Singapore.
The partnership “underscores growing momentum in bringing innovative solutions deeper into emerging markets throughout Asia, Africa, and the Middle East,” said Akiyoshi Takeuchi, head of BlackRock Solutions Asia-Pacific.
The alliance builds on Standard Chartered’s ongoing relationship with BlackRock, leveraging the focus both organizations have on innovation and digitization, 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.