Pan-Asian insurer AIA Group has teamed up with BlackRock and BNY to enhance its investment platform.

Under the agreement, AIA will implement BlackRock’s Aladdin, a technology platform that unifies the investment management process, with BNY’s specialized investment operations and data management services and technology, to create a connected and scalable ecosystem to support the company’s investment activities.

This will provide AIA with an end-to-end solution, empowering the group’s investment professionals with enhanced data and analytics capability, and more robust risk management tools.

“This strategic collaboration brings our long-term investment programme together with an enhanced ability to deliver industry-leading investment solutions and provide positive, sustainable outcomes for our stakeholders,” says AIA group chief investment officer Mark Konyn.

“As we work with BlackRock and BNY to transform our platform, AIA will continue managing our growing investment portfolio at greater scale to meet our performance, risk management, and sustainable investment goals. With the solutions we are implementing, AIA will gain a single, consistent, and timely view across all asset classes, allowing us to make even more informed investments across complex market environments.”

Rob Goldstein, BlackRock’s chief operating officer, says the collaboration will allow his company to deliver the breadth of Aladdin across AIA’s whole portfolio, including public and private assets, along with the ability to support insurance-specific needs.

Emily Portney, global head of asset servicing at BNY, adds: "We are proud to support AIA in enhancing their investment platform with a new data-driven operating model that will deliver critical insights, elevate the client experience and improve operational efficiency.”