BlackRock launch eFront Provider 08 October 2024US Reporter: Jack McRae
Image: stock.adobe.com/Nuthawut
BlackRock has launched eFront Provider with Apex Group becoming the first asset servicing client to onboard.
The solution is designed to enable asset servicers to offer asset managers a modern fund servicing experience.
Asset servicers can collaborate efficiently and effectively, reduce operational risk, and differentiate their service offerings. Subsequently, asset managers will experience better access, transparency, and control over their data.
The product establishes an interconnected, two-way data flow between Apex and its private markets clients.
Tarek Chouman, BlackRock’s global head of Aladdin Client Business says: “With eFront Provider, we are helping asset servicers navigate the complexities — and empowering them to scale, reduce operational risk, and collaborate seamlessly with their general partner clients.”
Peter Hughes, founder and CEO of Apex Group, adds: “Through this great offering, clients will have enhanced access to data between private market fund stakeholders and can use technology to unlock scale and improve service levels.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: stock.adobe.com/Nuthawut 