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STD Banco Santander, S.A. Sponsored Adr (Spain)

6.10
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Banco Santander, S.A. Sponsored Adr (Spain) NYSE:STD NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.10 0.00 01:00:00

Santander's Asset Management Business Adopts BlackRock Technology

11/03/2019 11:53am

Dow Jones News


Banco Santander (NYSE:STD)
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   By Cristina Roca 
 

Banco Santander SA (SAN.MC) said Monday that its asset-management business has reached an agreement with BlackRock Inc. (BLK) to adopt its Aladdin platform.

Santander Asset Management will adopt the platform in all ten markets where it operates by the end of 2020, the bank said.

"With the adoption of the Aladdin platform, SAM expects to reduce reaction time to changes in market conditions and the regulatory environment, helping to improve fund performance and product innovation," the bank said. The move is part of the business' technological transformation drive, Santander said.

No financial details were disclosed.

 

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

 

(END) Dow Jones Newswires

March 11, 2019 07:38 ET (11:38 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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