Singlife picks Citi and BlackRock’s Aladdin for operational services
09 March 2023 Singapore
Image: sutlafk
Financial services company Singlife has appointed Citi and BlackRock’s Aladdin to enhance its asset management capabilities across its front, middle and back-office offering.
Singlife’s integration with Citi and BlackRock Aladdin will ensure that internal and external portfolio management services are integrated with full reconciliation across all investment and accounting records. It will also incorporate sustainability and meet regulatory requirements.
In addition, Singlife will be able to leverage the platform to calculate and monitor risk exposures while optimising portfolio returns.
The selection of Citi and BlackRock Aladdin was coordinated and led by Alpha FMC, a
specialist asset management consultancy.
Singlife is one of Southeast Asia’s largest insurance companies, serving more than one million customers in Singapore.
Citi and BlackRock Aladdin previously entered into a partnership to improve the securities services lifecycle for mutual clients.
Kim Rosenkilde, group chief investment officer at Singlife, says: “Safeguarding assets,
improving internal processes and increasing efficiencies across the board is fundamental in allowing us to better serve and focus on our clients.
“We are delighted to work with such credible and strong partners that are using their established service offering to help us provide better investing experiences for our valued clients, throughout all stages of their investment journey.”
Singlife’s integration with Citi and BlackRock Aladdin will ensure that internal and external portfolio management services are integrated with full reconciliation across all investment and accounting records. It will also incorporate sustainability and meet regulatory requirements.
In addition, Singlife will be able to leverage the platform to calculate and monitor risk exposures while optimising portfolio returns.
The selection of Citi and BlackRock Aladdin was coordinated and led by Alpha FMC, a
specialist asset management consultancy.
Singlife is one of Southeast Asia’s largest insurance companies, serving more than one million customers in Singapore.
Citi and BlackRock Aladdin previously entered into a partnership to improve the securities services lifecycle for mutual clients.
Kim Rosenkilde, group chief investment officer at Singlife, says: “Safeguarding assets,
improving internal processes and increasing efficiencies across the board is fundamental in allowing us to better serve and focus on our clients.
“We are delighted to work with such credible and strong partners that are using their established service offering to help us provide better investing experiences for our valued clients, throughout all stages of their investment journey.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
