The U.S. outsourced chief investment officer market has more than tripled in less than a decade.
The mandate will cover portfolio management across public and private assets.
Market segments that have typically been closed to outsourcing middle office services are now open.
This is one of the largest multi-national Outsourced Chief Investment Officer mandates awarded to date.
Sell-side veteran cites settlement risk as the number one challenge for market participants.
The first phase in mid-2022 will enable J.P. Morgan Asset Management to expand its derivatives capabilities.
The German bank will retain equity capital markets.
Citi will provide outsourced middle office services through Aladdin Provider.
Partnership with BlackRock enables linkage into Aladdin’s operating environment.
