• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Fintech

HSBC to provide BlackRock Aladdin Wealth platform to HNWIs

HSBC to provide BlackRock Aladdin Wealth platform to HNWIs
  • Pedro Gonçalves
  • @PeterHSG
  • 25 March 2019
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

HSBC has signed a deal to offer BlackRock's Aladdin investment management software to the bank's wealthy customers, in a boost to the US asset manager's plans to make money from its technology by selling it to rivals.

Aladdin Wealth is tool that enables portfolio analysis, taking into account weight and risk management. Aladdin has largely been used in asset management since its creation over 30 years ago, and was recently picked by Santander Asset Management to drive it digital transformation.

Related articles

  • HSBC Private Bank hired 300 in Asia this year
  • People moves: Santander hires HSBC's Simões as regional head of Europe
  • Lloyds poaches HSBC's Charlie Nunn for new CEO
  • HSBC profits fall 33% as bank moves to shed 35,000 jobs

HSBC advisers will now be able to analyse customer' portfolios more holistically and accurately, and assess the impact changes could potentially to better guide their clients, a statement from the bank has said.

We are building a better private bank and Aladdin will help us take our wealth management services to the next level"

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.

The partnership between Europe's largest bank and the world's biggest asset manager comes as both industries are battling to use technology to increase profits and improve service.

The rollout started in the US and Hong Kong, but over time will be available to HSBC relationship managers worldwide where managing clients holding $1m or more with the bank.

According to BlackRock, more than 25,000 investment professionals and 200 institutions around the world rely on Aladdin for risk and return analytics, as well as order management and trading.

"We are excited and proud to offer the benefits of Aladdin to our clients thanks to our strong partnership with BlackRock," HSBC CEO of global private banking, António Simões, said. "We are building a better private bank and Aladdin will help us take our wealth management services to the next level."

Charlie Nunn, CEO of retail banking and wealth management, added: "This is part of our strategy to meet the increasingly sophisticated needs of growing wealth segments around the world, especially in Asia."

HSBC is following the lead of Swiss bank UBS, who adopted BlackRock's risk management and portfolio construction tool Aladdin Risk for Wealth Management in 2017.

Some have questioned whether this presents a systemic risk, as the growing number of firms using the software for investment decisions could make portfolios more correlated and hence exposed to market shocks.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Fintech
  • Banking
  • HSBC
  • BlackRock
  • Aladdin

More on Fintech

HSBC to restart dividend despite 34% profits slide

  • Banking
  • 23 February 2021
Comment: Tesla, Bitcoin and the implications for the funds industry

  • Comment
  • 11 February 2021
Australia's Milestone Group launches Asia-Pacific institutional asset solution

  • Fintech
  • 02 February 2021
HSBC launches private banking arm in Thailand

  • Banking
  • 01 February 2021
Blockchain offers 'burgeoning' investor opportunities, finds Invesco report

  • Fintech
  • 01 February 2021
Back to Top

Most read

Jersey regulator fines three firms for breaching money laundering rules
Jersey regulator fines three firms for breaching money laundering rules
RL360 parent IFGL in top level management restructure
RL360 parent IFGL in top level management restructure
HSBC Singapore CEO to leave for Saudi British Bank
HSBC Singapore CEO to leave for Saudi British Bank
J.P. Morgan Asset Management launches Global Income Sustainable Fund
J.P. Morgan Asset Management launches Global Income Sustainable Fund
Comment: Four key issues powering the renewable energy revolution
Comment: Four key issues powering the renewable energy revolution
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading