Major Platform Re-Engineering and BRS Aladdin Implementation

A new front office platform with rapid, market leading negotiation of the provider contract, and a revitalised operating model to embed it.

Client Challenges

This client needed to replace a complex, inefficient and costly existing platform with BlackRock Solutions’ Aladdin platform, and to re-engineer the whole end-to-end operating model to align with it.

Unique key challenges for the programme included:

  • 1000 portfolios for fund accounting and transfer agency
  • A complex organisational structure
  • An aggressive timescale
  • A ‘top down’ tendency towards developing their operating models

Alpha Approach

  • Alpha led the set up of the programme: defining the overall governance and reporting structure, the control functions, the work streams and the phases

Alpha led the following phases:

  • An extensive deep-dive for due diligence
  • A global target operating model to create strategies for the business’s future
  • Business process re-engineering to build more detailed future state assessment
  • Contract negotiation between client and BlackRock to get the best value

Client Benefits

We worked fast to achieve their goals. Our contract negotiations with BlackRock were among the quickest and most favourable in the market; we delivered well within the 18-months time frame, completing them in less than 9 months.

With Aladdin and their newly re-engineered model, their team can communicate more efficiently, see processes more clearly and make important decisions more rapidly.

Related case studies include:

September 20, 2016

Evaluation, selection, implementation and post go-live support of a new Portfolio and Order Management System


September 20, 2016

Evaluation and re-definition of front-to-back operating model across 10 locations

Client Types

  • Top 5 global asset manager

Sponsor

  • Chief Change Officer

Functions

  • Front to back

Geographic Scope

  • Global

Fund Types

  • All