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 Pioneer Investments's Aladdin platform. The move, expected to be completed early next year, will give the $1.5tn group full control over its IT services, following its acquisition of BlackRock. Amundi announced last year it planned to sever any ties Pioneer had with Pioneer Investments's software platform, which is used by dozens of asset managers worldwide, citing "competition issues".