HSBC has inked an agreement to provide access to its securities services products through BlackRock’s Aladdin risk management platform.

The partnership integrates the bank’s middle office, custody and fund administration services with Aladdin.

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This is said to help clients gain access to real-time data as well as streamline workflows.

At the same time, the integration is said to lower their manual processes and boost operational efficiency.

The service will be initially available in Hong Kong and Singapore from the first half of next year.

At present, the bank administers $500bn in assets for 20 global asset managers who already utilise the Aladdin platform.

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Commenting on the latest development, HSBC Securities Services global head of asset owners and managers Sebastien Danloy said: “Joining the Aladdin Provider network adds to our existing capabilities to connect to our clients’ front office platforms and to offer front-to-back solutions in an open architecture environment to the asset management community.”

In October this year, private bank Coutts announced a relationship with BlackRock to lower the cost of investing for its clients.

The partnership launched six new exclusive funds for clients of Coutts and the NatWest Group.

These funds are being run on the Aladdin platform, which combines risk analytics with comprehensive portfolio management, trading and operations tools on one platform to support decision making.

This May, Northern Trust collaborated with BlackRock to offer enhanced operations, data, and servicing capabilities to mutual clients.

The capabilities will be offered through the Aladdin platform.

The developments followed BlackRock’s collaboration with Microsoft to host Aladdin on the Microsoft Azure cloud platform.

Microsoft Azure is said to offer greater computing scale to improve the innovation capabilities of the Aladdin platform.