The latest technology news in the wealth management sector from around the world.

Singlife, the Singapore-based financial services group, said last week that it has appointed Citigroup and BlackRock Aladdin® to provide it with a technology platform to unify and transform its asset management capabilities across its front, middle and back-office offering. 

The US firms previously formed an alliance to use Citigroup’s infrastructure and the Aladdin technology platform to enhance the securities services lifecycle for mutual clients. (Aladdin is an electronic system built by BlackRock Solutions, the risk management division of BlackRock.)

The deal with the firms gives Singlife’s clients portfolio management capabilities that improve efficiencies, automate controls and enable a seamless front-to-back experience, Singlife said in a statement.

The selection of Citigroup and BlackRock Aladdin® was coordinated and led by Alpha FMC, a specialist asset management consultancy.