PartnershipFranklin Resources, Inc. (Franklin Templeton)·July 22, 2024
Franklin Templeton Selects BlackRock's Aladdin to Unify Investment Management Technology Platform
$1.6 trillion
Franklin Templeton assets under management as of June 30, 2024
Key figure from this development
AI Summary
- →Franklin Templeton has selected Aladdin by BlackRock to unify its investment management technology platform across public market asset classes.
- →Aladdin will provide a single investment book of record, support business transformation, and help simplify operations while reducing long-term capital expenses.
- →The platform will preserve the autonomous investment processes of Franklin Templeton's specialist investment managers.
- →The transition is set to begin in fiscal 2025, will be phased over multiple years, and is described as seamless to clients.
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Business Wire↗GLOBALglobal bankinvestment analyticsplatform consolidationinvestment operationstechnology partnershipcost reduction