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Bankia and BlackRock Agreement

Bankia AM strengthens its analytical capabilities with Aladdin, BlackRock's risk management technology platform

Bankia Asset Management currently manages more than 25,000 million euros in investment fund assets and pension plans.
 

Communication Bankia

By  Communication Bankia

Publish on 
14 November 2019 - 13:30

  • Bankia will now have access to the risk and profitability analyses carried out by this tool in a transparent, accurate and dynamic manner in all types of assets
  • The platform is used by the most sophisticated investors in the world

Bankia AM has reached an agreement with BlackRock to use Aladdin Risk, the risk analysis and holistic portfolio management platform developed by BlackRock. The agreement will provide Bankia AM with access to the industry's most comprehensive risk and profitability analyses.

Thanks to Aladdin Risk, Bankia will now have access to the risk and return analyses generated by this tool in a transparent, accurate and dynamic manner in all types of assets.

The tool is a central pillar of the complete BlackRock Aladdin platform: a comprehensive investment management system used by the most sophisticated investors in the world.

Sebastián Redondo, Chief Investment Officer at Bankia AM, said that "in a context in which management is increasingly global and diversified into numerous types of assets, it is essential to have tools, such as the Aladdin Risk platform, which will reinforce the already traditional risk controls in order to enhance the profitability/ risk ratio and the ultimate objective of giving our customers the best possible response to their trust".

For his part, Aitor Jáuregui, head of BlackRock for Spain, Portugal and Andorra, stressed that "a platform like Aladdin is essential to address a more complex market situation and, ultimately, to better meet the needs of investors. Specifically, the Aladdin Risk tool demonstrates the capacity of this sophisticated platform to generate value in all phases of the investment cycle, and has the capacity to monitor more than 2,000 risk factors per day."

Bankia AM, the commercial brand that encompasses the collective management activities of the Bankia group, manages more than 25 billion euros in investment fund assets and pension plans. Moreover, in the first nine months of the year, it has been a leader in terms of net deposits in the fund sector in Spain, with a growth of more than 600 million euros, according to Inverco.

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