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Praemium partner wins contract


By Madeleine Collins
Thursday 29 March 2007

A new contract for BlackRock Investment Management will see Praemium supply back-office technology to the world's largest financial institution.

Praemium is providing Citigroup Wealth Advisors portfolio reporting technology through its partnership with BlackRock.

Citigroup's new discretionary managed products are to be underpinned by a separately managed accounts (SMA) platform offered through BlackRock Investment Management.

That SMA uses Praemium portfolio reporting technology.

Credit Suisse has selected Praemium's V-Wrap to provide portfolio administration services to its new Australian private banking division.

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