NYSE:BLKCapital Markets
The Bull Case for BlackRock (BLK) Could Change Following Citi’s US$80 Billion Mandate and Tech Partnership
Earlier this week, Citi Wealth announced it has selected BlackRock to manage approximately US$80 billion in client assets and to deploy BlackRock’s Aladdin Wealth technology platform for Citi’s global wealth business, launching a new offering called Citi Portfolio Solutions powered by BlackRock.
This partnership marks a major business development by integrating BlackRock’s portfolio management and advanced technology into Citi’s global wealth platform, underscoring BlackRock’s expanding...