Amundi, Europe’s largest asset manager, will fully complete its uncoupling from BlackRock’s powerful Aladdin platform early next year, allowing the €1.5tn Paris-headquartered group to regain full control over its IT following its acquisition of Pioneer Investments. Amundi said last year it would cut all ties Pioneer Investments had with BlackRock’s software, risk and operations platform — which is used by almost 90 asset managers worldwide — following what it called “competition issues”. ...
French fund manager Amundi has nearly finished cutting ties with rival BlackRock's Aladdin platform. The move comes as the two firms are embroiled in a bitter dispute over who owns and controls their respective funds.