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Seoul & Hong Kong, February 18, 2025 – BlackRock, State Street and BNY are pleased to announce that National Pension Service of Korea (NPS) has gone live on BlackRock's Aladdin® technology platform, seamlessly integrating State Street and BNY’s specialized middle office and investment operations services for equity and fixed income assets respectively. The newly unified investment platform is to deliver on NPS’s vision of a future-proof and scalable operating model.
Aladdin® by BlackRock is a unified investment and risk management platform used by the world’s most sophisticated investors to manage the full investment lifecycle across asset classes. NPS’s newly unveiled technology platform is a truly integrated end-to-end solution that provides investment teams with a holistic view of global equity and fixed income portfolios on a single platform.
In addition, State Street and BNY are providing specialized middle office and investment operations services for distinct investment areas that are seamlessly integrated into the Aladdin platform®, further enhancing the efficiency and effectiveness of NPS's investment operations. The integrated investment platform has gone live across NPS’s global operations, including offices in South Korea, New York, London and Singapore.
NPS commented during a go-live ceremony that it was pleased to have placed an industry-leading technology at the heart of its operations and in the hands of its investment teams globally to enhance outcomes by enabling timely decision making and cutting-edge portfolio management capabilities. It is seen as a commitment to leveraging technology from around the world to build a future-proof, scalable operating model that will serve Korean pensioners for years to come.
We are thrilled to bring Aladdin’s world-class investment and risk management capabilities to Korean clients starting with NPS. BlackRock was founded on the principle of helping people invest better, especially for retirement, and it is a privilege to be an integral part of NPS’s transformation in support of its mission, building on our nearly two-decade relationship.
Rohan Singh, Head of International Asset Owners, BNY, said:
“We are honored to solidify our longstanding relationship with NPS as they transform their investment management operations. We look forward to continuing to help them evolve by delivering innovative solutions that support a resilient operating model and allow NPS to focus on delivering results for their members.”
Min Kim, Korea Country Head, State Street, said:
“As NPS’s global custodian bank for over ten years, we are excited to support NPS to utilize its new operating system to manage risk effectively, drive operational efficiency, balance liquidity and achieve better outcomes for their members.”
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. BlackRock’s Aladdin® platform is a tech platform that unifies the investment management process by providing a common data language within an organization to enable scale, provide insights, and support business transformation.
For additional information on BlackRock, please visit https://www.blackrock.com/aladdin
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $46.6 trillion in assets under custody and/or administration and $4.7 trillion* in assets under management as of December 31, 2024, State Street operates globally in more than 100 geographic markets and employs approximately 53,000 worldwide. For more information, visit State Street's website at www.statestreet.com.
*Assets under management as of December 31, 2024, includes approximately $82 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.
BNY is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally to access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of December 31, 2024, BNY oversees $52.1 trillion in assets under custody and/or administration and $2.0 trillion in assets under management.
BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY employs over 50,000 people globally and has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.
Media Contacts:
BlackRock
Charles Donohoe
Charles.Donohoe@blackrock.com
O: +852-3903-2597
M: +852-9860-9672
State Street
Kate Cheung
Kate.Cheung@statestreet.com
O: +852-3556-1103
M: +852-6256-1633
BNY
Florence Chan
Florence.Chan@bny.com
O: +852 39260621
M +852 60777856