An oblate rotational sequence, built on an aligned, two-quasineutron isomeric state has been established in 196 Pt. The isomer has a half-life of 7.7(7) ns and is associated with the I π =12 + , (i 13/2 ) 2 neutron configuration. Excited states, with angular momentum generated primarily through successive nucleon alignments, have been populated through 1p transfer from 197 Au. The nucleus 196 Pt is the most neutron-rich Pt isotope for which high-spin states, beyond the 12 + isomeric state, have been established thus far. Cranked shell model calculations have been performed to understand shape evolution with spin, and the role of nucleons occupying specific Nilsson orbitals in generating aligned angular momentum for both prolate and oblate deformations has been explored.