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Singlife partners with Citi and BlackRock for asset management capabilities

The selection process led to a tender from 11 different front and back-office providers.
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Singaporean insurer Singlife has appointed Citi and BlackRock Aladdin to provide it with a comprehensive technology platform to unify and transform its asset management capabilities across its front-, middle- and back-office offering, it said in a statement.

Its integration with Citi and BlackRock Aladdin will provide clients with complete portfolio management capabilities that improve efficiencies, automate controls and enable a seamless front-to-back experience, it added.

In addition, it ensures that internal and external portfolio management services are integrated with complete attribution and full reconciliation across all investment and accounting records, while incorporating sustainability and meeting regulatory requirements.

Singlife will also be able to leverage the platform – empowered by BlackRock Aladdin – to better calculate and continuously monitor risk exposures and optimise portfolio returns.

“Our mission to always find ‘a better way’ extends to our engagement with Citi and BlackRock Aladdin, who are globally recognised as the premier provider of custody services and the industry-leading portfolio management platform respectively,” said Kim Rosenkilde, group chief investment officer at Singlife.

“We are delighted to work with such credible and strong partners that are using their established service offering to help us provide better investing experiences for our valued clients, throughout all stages of their investment journey.”

“As one of the largest providers of Securities Services globally, with a strong presence in Asia, we are honoured to have been selected by Singlife to be their custodian of choice,” said Alvin Goh, ASEAN head of securities services at Citi.

“Their decision to use our middle-office service demonstrates the power of the Citi-BlackRock Aladdin proposition, which combines the know-how, expertise and strength of two of the most respected financial institutions.”

Part of the Mark Allen Group.