Santander Asset Management (SAM) has selected BlackRock’s risk management platform Aladdin to drive its digital transformation.
With Aladdin, SAM intends to standardise its risk management in a more effective manner.
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The aim is to offer risk/return analysis with more clarity and timely reporting to clients.
Aladdin is also said to lower SAM’s reaction time to market and regulatory changes, enhancing fund performance in the process.
The platform will be implemented across various markets, where SAM operates, in a phased roll-out.
In the initial phase on April 2020, the platform will be launched in the UK, Spain, Portugal, Luxembourg and Poland.
It will be available in Brazil, Argentina, Mexico, Chile and Puerto Rico by next December.
The move is said to mark Aladdin’s debut in the asset management space in Spain, Brazil, Portugal and Argentina.
SAM global CEO Mariano Belinky said: “This agreement positions SAM at the technological vanguard in the industry, alongside major global players, and will help us accelerate our transformation.
“The introduction of this platform will help us improve and add value to the investment solutions we offer our clients.
“Aladdin will facilitate the change of our risk paradigms toward a global and uniform system in all countries in which we are present.”
