HSBC has signed a deal to offer BlackRock's Aladdin investment management s...
LONDON - HSBC has signed a deal to offer BlackRock’s Aladdin investment management software to the bank’s wealthy customers, in a boost to the U.S. asset manager’s plans to squeeze money from technology by selling it to rivals.
Robert Goldstein, chief operating officer at BlackRock, said HSBC’s scale would mean many more advisers would have access to capabilities previously only available to institutional investors. That will help HSBC to respond to growing demand from wealthy customers for their banks to offer advice rather than simply selling products.
More than 200 institutions and around 25,000 investment professionals use Aladdin and its risk analytics, BlackRock says.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
HSBC promotes 1300 staff as investment bank overhaul gathers pace: memoHSBC is stepping up a root-and-branch overhaul of its global banking and markets...
Read more »
Hot AI software startup Skymind used this pitch deck to raise $11.5 millionSkymind's software helps enterprise's AI systems tap into their stores of data.
Read more »
5 Surefire Signs You're Dealing With A PsychopathThere's a good chance you've encountered a psychopath at one time or another without even knowing it.
Read more »
Chinese president lands in Italy, set to sign Belt and Road dealChinese President Xi Jinping arrived in Rome on Thursday at the start of a three...
Read more »
Rams to sign former Jaguars quarterback Blake Bortles to one-year dealFormer Jacksonville Jaguars quarterback Blake Bortles, who helped lead the team to the AFC championship game during the 2017 season, has agreed to a one-year deal with the Los Angeles Rams.
Read more »
Anderson Cooper signs two-book deal with HarperCNN anchor Anderson Cooper has signed a two-book deal with publisher Harper. The publisher did not indicate what Cooper's books would be about, although Fortune magazine reports they will be works of nonfiction.
Read more »
Crisis-struck Sudan signs deals for $300 million with Arab fundsSudan has signed deals for loans worth $300 million with regional Arab funds, au...
Read more »