The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.
CaixaBank, Flanks
Flanks, a
Spain-headquartered wealthtech company, has been selected by
Spain’s CaixaBank
Wealth Management to underpin GlobalView, a new
multi-custodian financial position aggregator from a large
European financial institution.
GlobalView enables CaixaBank”s private banking clients holding
assets across multiple financial institutions to consolidate and
analyse all their financial positions under a single, unified
framework, the firm said in a statement. Flanks provides the
automated connection, daily data collection, and standardisation
layer that makes this possible, drawing on its connectivity with
financial institutions across 33 countries to extract, normalise,
and enrich position data from any custodian and deliver it in a
format CaixaBank can use.
The consolidated data feeds directly into CaixaBank Wealth
Management’s GPS platform, powered by BlackRock’s Aladdin Wealth™
technology, giving managers access to sophisticated portfolio
analytics – including risk scenario simulation, asset class
breakdowns, and investment exposure analysis – across
positions held both inside and outside the bank.
The launch of GlobalView will initially be available to
CaixaBank’s Global Wealth clients – those with an
independent advisory contract and more than €4 million ($4.73
million) in assets – before being extended to the broader
private banking division.
Mapfre, Manova Partners
Mapfre, a large
Spanish insurance company, and Manova Partners, an
international real estate investment business based in
Munich, have acquired the fully-let Grade A office property One
Haddington Buildings in Dublin for the Stable Income European
Real Estate Fund 2 (SIEREF 2).
Located on Haddington Road in the heart of Dublin’s Central
Business District (CBD), the four-story property has about 3,800
square metres of lettable space and 23 parking spaces, the firm
said in a statement.
“An acquisition like One Haddington Buildings fits perfectly into
Mapfre’s real estate strategy, which prioritises investment in
high-quality office buildings in prime locations that can provide
a stable source of income over the long term. Our investment
strategy in alternative assets has proven successful in recent
years, and we will continue to explore this avenue in partnership
with our top-tier partners,” Carlos Díaz Gridilla, managing
director at Mapfre Inmuebles, said.
“With One Haddington Buildings, we are acquiring a future-proofed
and ESG-compliant office property in one of Dublin’s most
established office locations,” Christian Göbel, co-CEO at Manova
Partners, added.
