Mapfre AM, the asset management division of Spanish insurance company Mapfre which holds €57 billion in assets under management, has adopted BlackRock’s investment management suite Aladdin.
The investment platform will cover Mapfre’s public and private market assets, providing data analytics, portfolio construction, risk management, trading and operations tools. The Aladdin execution management system (EMS) will also be adopted, replacing Mapfre’s legacy in-house systems.
Aladdin will serve as a single platform for Mapfre’s global portfolio and investment activities, which cover 25 countries and financial centres. The service will be rolled out in phases, the company stated.
Álvaro Anguita, Mapfre CEO, commented: “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.”
©Markets Media Europe 2024
