FILE PHOTO: The company logo and trading information for BlackRock is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 30, 2017. REUTERS/Brendan McDermid//File Photo
NEW YORK (Reuters) – BlackRock Inc, the world’s largest asset manager, has partnered with Microsoft Corp to have its Aladdin investment and risk management system hosted on the Microsoft Azure cloud platform, the companies said on Tuesday.
The migration to the Microsoft Azure cloud platform will take place over many months and Aladdin users are not expected to see any impact in the near term, BlackRock said.
“Aladdin infrastructure deployed on Microsoft Azure’s cloud platform will provide BlackRock with enhanced capabilities to deliver the best outcomes for our Aladdin clients,” Rob Goldstein, chief operating officer at BlackRock, said in a statement.
The companies did not disclose the financial terms of the deal.
BlackRock’s Aladdin system is used by asset…
Source Reuters Tech News
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