Aladdin partners with AWS as multi-cloud adoption accelerates

December 15, 2025 (Preqin News) – Investment management platform Aladdin, a part of BlackRock, has partnered with Amazon Web Services (AWS) to give clients more choice in cloud hosting, as financial firms ramp up investment in multi-cloud strategies.

‘Our Aladdin clients are seeking open, flexible platforms that can adapt to their operating models and scale with their ambitions. Aladdin on AWS is a key step in enabling multi-cloud functionality,’ said Sudhir Nair, Global Head of Aladdin at BlackRock.

The strategic partnership will make Aladdin available through AWS’s scalable infrastructure. Amazon Treasury will be among the first adopters, managing its own global investment portfolio on the cloud site. General availability for US clients will come online in the second half of 2026.

‘With Aladdin running on AWS, clients gain access to secure, scalable and resilient infrastructure for advanced risk modeling, enterprise-grade analytics, and smart investment decision-making,’ said Scott Mullins, Managing Director of Worldwide Financial Services at AWS.

Before 2020, Aladdin was run on BlackRock’s own corporate data centers. Over time, it faced increasing demands for in-country and in-region data centers to address client preferences, latency goals, and regulatory requirements. In 2020, Aladdin partnered with Microsoft’s cloud services provider Azure to gain scalability, flexibility, and a more widely distributed geographic IT presence.

BlackRock said that the new partnership with AWS will enable clients to ‘choose the hosting environment that best meets their technology and operational requirements’.

The partnership comes as cloud strategies are taking up an increasing share of technology and IT spending. According to a report from the London Stock Exchange Group (LSEG), ‘Cloud Strategies in Financial Services’, just over a third of IT and data budgets are now allocated to cloud services, with 87% of financial firms increasing cloud investment over the past two years.

The survey also found differences in the rationale behind multi-cloud strategy adoption between financial services firms. In response to regulation, most banking and wealth & advisory firms (62%) are adopting hybrid strategies, while investment (59%) and banking (57%) firms adopt a multi-cloud strategy.

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