Intesa Sanpaolo to adopt BlackRock's Aladdin Wealth for International Banks unit

MILAN, March 5 (Reuters) - Italy's largest bank Intesa Sanpaolo ISP.MI said on Thursday it would extend its use of BlackRock's BLK.N investment technology Aladdin Wealth to support the group's expansion outside Italy.

Aladdin Wealth, an investment and risk management platform already in use at Intesa, will be rolled out in its International Banks division, starting with Slovakia and Hungary.

Slovenia and Croatia will follow in 2027, Intesa said in a statement.

The move is part of the bank's push to expand its advisory model overseas and aligns with its 2026-2029 strategy, which identifies technology as a key growth driver for the International Banks unit, the Italian lender said.