AIA Group has incorporated BlackRock’s investment platform Aladdin with BNY’s data management services to administer the Asia-focused life insurer’s investment programme.
The move represents a transformation of the insurer’s end-to-end investment processes, echoing a broader trend towards the outsourcing of data management services by asset managers and owners.
The company said the collaboration with Aladdin and BNY “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”.
Asset managers are increasingly seeking third-party expertise as the complexity of their data management requirements have intensified, according to recent surveys. This has been driven by the adoption of multi-asset investment strategies to navigate growing market volatility and to comply with emerging regulations.
AIA Group chief investment officer Mark Konyn said that the insurer “will gain a single, consistent, and timely view across all asset classes allowing us to make even more informed investments across complex market environments”.
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