BlackRock’s Head of Business Development of its Aladdin platform in the Nordic region, Martin Engdal, is leaving after a year in the role.

In December last year, BlackRock Head of Nordics Elisabeth Sterner told AMWatch that the most significant growth for BlackRock in 2021 had been within Aladdin, which grew both in terms of business development and client servicing.

”A large focus within technology is sustainability and helping clients understand risks such as how the physical toll of global warming and the transition to a low-carbon economy impacts risk and returns, across public and private markets,” Sterner said.

Engdal is leaving BlackRock for fintech company ScalingFunds where he will be CCO, he has announced. ScalingFunds is a platform for alternative investment funds. Its primary focus is providing fund managers with digital tools and legal setups for administering, distributing, and managing alternative investment funds, including asset classes such as real estate, private equity, debt, and infrastructure.

BlackRock’s tech units generate most significant 2021-growth in Nordic region

Blackrock hires Nordic business development head for Aladdin platform