User Review( votes)
BlackRock, the world’s largest asset management firm, announced the launch of a strategic partnership with Microsoft to deploy its Aladdin infrastructure on Azure.
The firm aims to enhance its scalability and data management and conduct both risk management and advanced analytics. Additionally, the two companies indicated that they are inviting collaboration from academics, non-profits, startups, and others with the goal of increasing corporate sustainability.
BlackRock’s Aladdin is an investment management and operations platform geared toward pension funds, corporate treasurers, and asset managers. It was create with the goal of combining risk analytics, portfolio management, and trading and operations tooling.
“As both a user and a provider of Aladdin, this decision reflects BlackRock’s ongoing commitment to continuous innovation and scalable operating solutions. Aladdin infrastructure deployed on Microsoft Azure’s cloud platform will provide BlackRock with enhanced capabilities to deliver the best outcomes for our Aladdin clients,” Rob Goldstein, CEO of BlackRock, said, in a statement.
“By bringing Aladdin to the cloud, Microsoft will support BlackRock in further enhancing its client experience while also enabling continuous innovation in the financial services industry. Together, we will empower an ecosystem of financial services customers running their most critical workloads in the cloud,” stated Judson Althoff, executive vice president of Microsoft’s Worldwide Commercial Business.