They form a strategic partnership to host BlackRock’s Aladdin infrastructure in the Microsoft Azure cloud.
The world’s leading asset manager and the creators of Windows form a strategic partnership to host BlackRock’s Aladdin infrastructure in the Microsoft Azure cloud, they reported Tuesday.
Aladdin is the end-to-end asset management and operation platform used by BlackRock’s clients; among them, institutional investors, portfolio managers, pension funds, insurers, and treasuries.
The platform combines risk analysis, management tools, trading and operations of the most sophisticated portfolios in the world, in a single platform that offers transparency between users.
More than 7 trillion dollars are managed through this platform.
With this initiative, customers will adopt the Microsoft cloud to accelerate innovation in Aladdin through greater computing scale and unlocking new capabilities to improve the customer experience under high-security standards, said executives from both companies.
“This decision reflects BlackRock’s continued progress and its commitment to continuous innovation and scalable operating solutions,” said Rob Goldstein, chief operating officer of the investment firm.
Judson Althoff, Executive Vice President of Microsoft Worldwide, explained that this initiative, in addition to improving the customer experience, encourages continuous innovation in the financial services industry.
As the financial services industry seeks to navigate ever-changing markets, institutions need scalable, integrated platforms to adapt to the increasing complexity of advanced data management, risk, and analytics.
