BNPP combines its middle office, fund admin, custody with BlackRock’s Aladdin for mutual clients

BNP Paribas Securities Services and BlackRock Solutions have entered into a strategic alliance via Aladdin Provider to deliver integrated investment management capabilities to mutual clients. The alliance brings together BNP Paribas Securities Services’ middle office, fund administration and custody services with Aladdin’s investment management infrastructure to create a fully integrated end-to-end investment management solution.

As part of the alliance, BNP Paribas Securities Services will be leveraging Aladdin to perform middle office outsourced services maintaining Aladdin’s Investment Book of Record as the trusted source of data. This collaboration extends the firms’ existing relationship; BNP Paribas Securities Services, a client of eFront since 2007, uses eFront Invest to provide comprehensive asset servicing solutions to alternative asset managers. eFront was acquired by BlackRock in 2019.

Arnaud Claudon, head of Asset Owners and Managers Client Lines at BNP Paribas Securities Services, said in a statement: “This innovative operating model, which is already live and co-designed with our mutual client, BNP Paribas Asset Management, will combine all the advantages of a leading front office platform with those of our middle and back office capabilities and multi-local expertise.”

Read the full release

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