Spain’s MAPFRE taps BlackRock’s Aladdin for operational overhaul

  • MAPFRE is the first insurance company in Spain to adopt BlackRock’s Aladdin platform, marking a major milestone for the Spanish insurance and asset management industry.
  • • Aladdin technology will transform the way MAPFRE AM manages its global portfolio and investment operations across the Group.
  • The integration of Aladdin technology will be rolled out in phases across MAPFRE AM’s key investment locations across the world.

MAPFRE AM, MAPFRE Group’s asset management arm announced it’s adopting BlackRock’s Aladdin platform, marking the first insurance company in Spain to implement the technology for risk analytics, portfolio management, trading and operations applications. This will unify the investment management process for all its public and private market assets across its around €60 billion ($63.4bn) portfolio.

The adoption of Aladdin technology will introduce a fully connected, scalable platform that supports MAPFRE AM’s evolving investment activities globally—across its whole portfolio. The platform will equip MAPFRE AM’s investment professionals with an end-to-end solution that delivers enhanced data analytics, portfolio construction and risk management, further streamlining the company’s operations and helping drive its growth strategy.

“The adoption of Aladdin will help us unify all of our apps and to streamline our investment process, which will in turn accelerate the growth of our company. MAPFRE is active in 25 countries and financial centers in the major markets around the world. In recent years, we’ve boosted our presence in Latin America and strengthened our business in other countries, such as France”, said Álvaro Anguita, CEO at MAPFRE AM, in a statement.

“With the Aladdin platform, MAPFRE AM is spearheading digital transformation throughout the Spanish insurance sector, setting a new benchmark for innovation and unlocking significant value for its investors and stakeholders. We look forward to helping MAPFRE AM stay ahead of client needs through our whole portfolio solution,” said Tarek Chouman, global head of Aladdin Client Business at BlackRock, in a statement.

Source

 

Related Posts

Previous Post
Orical: US SEC Form SHO does not require foreign equity short sales reporting
Next Post
Derisking the global financial system depends on digital standards

Fill out this field
Fill out this field
Please enter a valid email address.

X

Reset password

Create an account