Singapore insurer Singlife has revamped its investment capabilities via a partnership with Citi and Blackrock.
Singlife has selected Citi and BlackRock Aladdin, Blackrock’s portfolio management software, to «unify and transform» its asset management capabilities across its front, middle and back office, according to a statement.
Singlife aims to provide clients with portfolio management capabilities that improve efficiencies, automate controls and enable a seamless front-to-back experience. Portfolio management services will be integrated with complete attribution and full reconciliation across all investment and accounting records while incorporating sustainability and meeting regulatory requirements
The insurer will also be able to leverage the platform to better calculate and continuously monitor risk exposures as well as optimize portfolio returns.
Selection Process
The selection process was coordinated and led by specialist asset management consultancy Alpha FMC with 11 different front-office and back-office partners as candidates. The final selection was directly overseen by senior executive leadership at Singlife.
Citi and Blackrock Alladin had previously entered into an alliance to leverage the former’s infrastructure and the latter’s tech platform to enhance the entire securities services lifecycle for mutual clients with Singlife being one of their «most significant mandates in Asia to date».
«Safeguarding assets, improving internal processes and increasing efficiencies across the board is fundamental in allowing us to better serve and focus on our clients,» said Singlife group chief investment officer Kim Rosenkilde.
