Pan-Asia insurer AIA Group has announced a new agreement with BlackRock and BNY, as AIA transforms its investment platform, to support the Group's long-term investment programme.
BlackRock is a US multinational investment company while BNY is a New York-headquartered global financial services company.
Through the 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.
Mr 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.
“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.”