MAPFRE AM selects BlackRock Aladdin for digital transformation of investment platform
MAPFRE AM, MAPFRE Group’s asset management arm, will take a significant step forward in its digital transformation – a key pillar of the company’s growth strategy – by adopting BlackRock’s Aladdin platform, marking the first insurance company in Spain to implement the technology.
MAPFRE AM will leverage the Aladdin platform’s sophisticated risk analytics, portfolio management, trading and operations applications to unify the investment management process for all its public and private market assets across its around €60 bn portfolio.
The adoption of Aladdin technology will introduce a fully connected, scalable platform that supports MAPFRE AM’s evolving investment activities globally—across its whole portfolio. The platform will equip MAPFRE AM’s investment professionals with an end-to-end solution that delivers enhanced data analytics, portfolio construction and risk management, further streamlining the company’s operations and helping drive its growth strategy.
“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 centers 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”, says Álvaro Anguita, CEO at MAPFRE AM.
“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,” said Tarek Chouman, Global Head of Aladdin Client Business at BlackRock.
The collaboration between MAPFRE AM and BlackRock represents a transformative moment in the Spanish insurance and asset management sectors, signaling the dawn of a new era of tech-enabled investing. The collaboration not only solidifies MAPFRE AM’s technological leadership in the sector but also drives the company’s broader growth ambitions by accelerating digital transformation across its global platform.
The integration of Aladdin technology will be rolled out in phases across MAPFRE AM’s key investment locations across the world.