AIA Group has announced an 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, according to a statement by AIA.
It will provide AIA with an end-to-end solution, giving AIA’s investment professionals 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,’ he added.
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.”
Emily Portney, global head of asset servicing, BNY, commented: “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.”
