AIA has announced a new agreement with BlackRock and BNY, as it looks to transforms its investment platform, to support the group's long-term investment programme.
BlackRock is a US multinational investment company while BNY is a US based global financial services company.
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.
AIA Group chief investment officer Mr Mark Konyn said that this strategic collaboration brings their long-term investment programme together with an enhanced ability to deliver industry-leading investment solutions and provide positive, sustainable outcomes for its 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,” he said.