MAPFRE AM, the asset management division of the MAPFRE Group, has embarked on a major digital transformation by adopting BlackRock’s Aladdin platform.
This move positions MAPFRE AM as the first insurance company in Spain to leverage the sophisticated investment and risk management technology, reinforcing its position in innovation and digitalisation.
The Aladdin platform will enable MAPFRE AM to unify investment processes across its €60bn ($63bn) portfolio, spanning public and private market assets.
By integrating advanced analytics, portfolio management, and operational tools, the platform provides a scalable solution to streamline global investment activities and bolster the company’s growth strategy.
Álvaro Anguita, CEO at MAPFRE AM stated: “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 centres 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.”
Tarek Chouman, Global Head of Aladdin Client Business at BlackRock added. “We are thrilled to welcome MAPFRE AM to our Aladdin client community, marking a significant milestone as our first insurance client in Spain. 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.”
Moreover, the Aladdin platform will be rolled in throughout MAPFRE AM’s key worldwide investment locations, increasing data-driven decision-making and operational efficiency.
The relationship represents a watershed moment in Spain’s insurance and asset management industries, combining MAPFRE AM with modern technical advances to support its ambitious expansion strategy.
“MAPFRE AM partners with BlackRock Aladdin for digital investment shift” was originally created and published by Private Banker International, a GlobalData owned brand.
https://finance.yahoo.com/news/mapfre-am-partners-blackrock-aladdin-155748308.html
