BlackRock, the hedge fund giant with an estimated $4.67 trillion in assets under management, has selected Thomson Reuters Org ID to complement its existing counterparty due diligence process.
We have very robust counterparty due diligence processes in place and have selected the Thomson Reuters Org ID service to further augment the screening and ongoing monitoring of trading counterparties, said Robert Goldstein, COO of BlackRock.
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Goldstein added, Thomson Reuters ability to leverage other assets across their suite of risk solutions in an integrated offering provides us with an effective resource to complement BlackRocks counterparty risk management program.
We are thrilled to be working with BlackRock to further enhance its counterparty due diligence process, said Steve Pulley, global managing director of Org ID at Thomson Reuters. Our solution has been uniquely designed with the requirements of leading asset management and alternatives firms such as BlackRock in mind. We recognize the importance of screening and continuous monitoring of clients and counterparties to the on-boarding and refresh process, something we firmly believe differentiates our offering.
Thomson Reuters launched Org ID, an end-to-end client identity service that collects, verifies, screens, determines ultimate beneficial owners, and monitors a legal entity for change in March 2014.
