Santander Asset Management (SAM) has reached an agreement with BlackRock to adopt its Aladdin platform as part of a wider technological transformation.
The Aladdin platform will allow greater consistency and standardisation of risk management across all of SAM’s markets, providing clients with more transparent risk/return analysis, as well as more complete and timely reporting, read a statement.
SAM expects to reduce its reaction time to changes in market conditions and the regulatory environment, helping improve fund performance and product innovation. It will be the first asset manager to use the Aladdin platform in Spain, Brazil, Portugal and Argentina.
“Aladdin will facilitate the change of our risk paradigms toward a global and uniform system in all countries in which we are present”, said Mariano Belinky, SAM’s global chief executive.
The new platform is expected to be operative in Spain, United Kingdom, Portugal, Luxembourg and Poland in April of 2020, in Brazil and Argentina in August and, lastly, in Mexico, Chile and Puerto Rico in December 2020.
Aladdin stands for Asset, Liability, Debt and Derivative Investment Network, and is an operating system which combines risk analytics with portfolio management, trading and operations tools.
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