BNY and BlackRock Collaborate on Front-to-Back Mandate with AIA

Asia-based insurance giant AIA Group has selected BNY and BlackRock to provide a front-to-back investment platform, supporting the firm’s long-term investment program. According to a story in The Trade news, the agreement will see AIA implement BlackRock’s end-to-end investment management and operations platform Aladdin, alongside BNY’s specialized investment operations and data management services technology – together providing AIA with an end-to-end solution with enhanced data and analytics capability. BNY and BlackRock first agreed on a strategic partnership back in 2019, with a view to providing mutual clients with real-time data insights through the investment lifecycle. The partnership was then extended in 2021 to give clients greater freedom of choice around middle-office services.