Eagle's Data Management Platform Selected by Industrial Alliance
12 April, 2010
BOSTON and TORONTO – April 12, 2010 – Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that Industrial Alliance Insurance and Financial Services Inc. based in Quebec City has selected Eagle’s data management solution to help manage its investment portfolio.
The need for improved access to data to support timely risk and portfolio management reporting is leading investment managers in Canada and around the globe to enhance their data management strategies.
A leading life and health insurance company, Industrial Alliance selected Eagle as its platform for integration and consolidation of its internal and third-party investment data and increased automation of reporting processes. Once Industrial Alliance’s data has been consolidated onto Eagle’s data management platform, they will leverage Eagle to help enhance its fund, client service, and portfolio management reporting, which will be delivered to end users via the Eagle Portal.
“Today’s investment managers are working with vendors that have proven technology, the strength to sustain current market conditions, and a dedicated and knowledgeable client service team,” said Mal Cullen, managing director of Eagle’s Canadian operations. “As we approach our ten-year anniversary in Canada, Eagle continues to be a vendor of choice for data management, investment accounting and performance measurement solutions.”
Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. is a life and health insurance company that offers a wide range of life and health insurance products, savings and retirement plans, RRSPs, mutual and segregated funds, securities, auto and home insurance, mortgage loans and other financial products and services. The fourth largest life and health insurance company in Canada, Industrial Alliance is at the head of a large financial group, which has operations in all regions of Canada, as well as in the United States. Industrial Alliance contributes to the financial wellbeing of over three million Canadians, employs more than 3,400 people and manages and administers over $58 billion in assets. Industrial Alliance stock is listed on the Toronto Stock Exchange under the ticker symbol IAG. Industrial Alliance is among the 100 largest public companies in Canada.
Eagle Investment Systems LLC, a subsidiary of BNY Mellon, is a global provider of financial services technology. Eagle provides leading-edge technology and services for data management, investment accounting and performance measurement. Eagle’s product suite is offered as an installed application or can be hosted via Eagle ACCESSSM, Eagle’s ASP offering.
BNY Mellon's Asset Servicing business supports institutional investors in today’s fast-evolving markets, safeguarding 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 the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.3 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $12 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at www.bnymellon.com.
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