BOSTON, March 24, 2015 /PRNewswire/ -- Eagle
Investment Systems LLC, a BNY Mellon company and leading provider
of financial services technology, today announced that two of the
world's leading investment management firms, Capital Group
Companies, Inc. and Invesco Ltd., chose Eagle's accounting solution
in 2014 to process and facilitate their investment accounting and
reporting needs. With the addition of these two clients,
$9 trillion is now processed on the
Eagle Accounting platform, marking a new milestone for the
solution.
The Capital Group, with $1.4
trillion of assets under management, is the latest fund
manager to implement Eagle Accounting, fully converting to Eagle's
multi-currency, multi-basis mutual fund NAV accounting platform
from its legacy system. The Capital Group joins several other
leading financial firms that have deployed Eagle's investment
accounting solution to help upgrade back-office operations and
increase service and reporting capabilities for their fund account
holders.
Invesco, a leading independent global investment management firm
with $809 billion of assets under
management, also chose Eagle Accounting. An Eagle client since
2009, Invesco began the implementation to create an Investment Book
of Record (IBOR) that will span across the firm's extensive
geographies and multiple product categories, including equity,
fixed income, balanced and alternative asset classes. Invesco
initially tapped Eagle to overhaul its global data architecture
program and has since implemented Eagle's data management and
performance measurement and attribution solutions.
"Through our ongoing work with industry-leading firms, we
provide an innovative investment accounting solution that
efficiently supports our clients' growth plans," said Mal Cullen, Eagle's CEO. "By collaborating with
the world's largest asset managers, we are enhancing our offerings
for the vast majority of them. More and more, investment firms
globally are seeking to replace legacy platforms with variable cost
technology solutions to help them comply with regulatory change,
solve for their complex ABOR and IBOR needs, and support new
instruments, products and geographic growth."
Eagle Accounting offers clients multiple solutions through a
single platform, employing scalable architecture that can grow with
clients' operations over time to support increased transaction
volume, additional lines of business, new complex security types or
corporate actions, and growth across regions and
currencies.
"We have worked alongside and collaborated with Eagle for the
past four years to implement a truly robust and agile solution and
Eagle has met our expectations every step of the way," commented
Brian Bullard, Senior Vice
President, Investment Operations at Capital Group. "We converted
our entire retail fund book of business to the Eagle Accounting
platform, so we needed a best-in-class provider that could take on
a project of this scale and complexity. With Eagle's accounting
solution in place, we have a powerful and flexible platform that
supports growth into new markets and facilitates our ability to
grow quickly, easily and at minimal cost."
Eagle's parent company BNY Mellon also uses Eagle Accounting to
support its U.S. Asset Servicing clients, a partnership that helps
shape Eagle's offering for large, global enterprises.
2014 represented a landmark year for Eagle. Beyond the growth of
the company's accounting platform, Eagle's business continues to
see strong growth across its data management and performance
solutions, with over 90% of new clients choosing to use Eagle
ACCESSSM, its secure, private cloud. Eagle now serves
over 160 global clients with combined assets under management
exceeding $22 trillion.
About Eagle Investment Systems
Eagle is committed to
helping financial institutions worldwide grow assets efficiently
with its award-winning portfolio management suite of data
management, investment accounting and performance measurement
solutions that are delivered over its secure private cloud, Eagle
ACCESSSM. Eagle deploys trusted solutions and services
that create operational efficiencies and help reduce complexity and
risk. Eagle Investment Systems LLC is a subsidiary of BNY Mellon.
Additional information is available at www.eagleinvsys.com.
About BNY Mellon
BNY Mellon's Asset Servicing business
supports institutional investors in today's fast-evolving markets,
safekeeping assets and enhancing the management and administration
of client investments through services that process, monitor and
measure data from around the world. We leverage our global
footprint and local expertise to deliver insight and solutions
across every stage of the investment lifecycle.
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of Dec. 31, 2014, BNY Mellon had $28.5 trillion in assets under custody and/or
administration, and $1.7 trillion in
assets under management. BNY Mellon can act as a single point of
contact for clients looking to create, trade, hold, manage,
service, distribute or restructure investments. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation (NYSE:
BK). Learn more at www.bnymellon.com, or follow us on Twitter
@BNYMellon.
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