Leading Gulf Corporation Council (GCC) Asset Manager Implements Eagle’s Full Product Suite

10 June, 2015

LONDON AND BAHRAIN – 10 JUNE 2015 – Eagle Investment Systems LLC, a BNY Mellon company and leading provider of financial services technology, announced today that a Kingdom of Bahrain-based Asset Management firm has implemented Eagle’s full product suite of enterprise data management, investment accounting and performance measurement and attribution solutions.

The firm is an independent organisation that manages financial assets including local and global liquid assets and illiquid strategic assets. It was founded to improve the existing pension asset management practices and is regulated by the Central Bank of Bahrain and the Ministry of Industry and Commerce.

The manager embarked on a search for a global technology provider with a full product suite and proven capability in the international marketplace to support its growing business. In particular, it was looking for a provider with a robust investment accounting solution that provides true IFRS, flexible investment reporting for the investment teams and a proven performance and risk capability that enables ex-ante risk analysis. Following an extensive evaluation of 10 vendors, Eagle was selected as the vendor of choice.

“We have setup governance and investment systems and mechanisms that are a match for the most efficient investment companies in the world.  We required a holistic and integrated data solution to meet our growing investment needs and Eagle stood out among both international and local system providers. The leadership team here worked very closely with Eagle and we were successful in delivering a solution within an impressive timeline and budget. We are already seeing the business benefits for my team and our clients," said a spokesperson.

Eagle is experiencing strong traction within the Gulf Corporation Council (GCC) investment market and its client base in the Middle East includes notable firms such as the Qatar Investment Authority. It is finding that many asset managers across the region are increasingly turning to proven financial technology providers to provide comprehensive solutions to replace the manual processes and legacy systems that are creating unnecessary risk and complexity.

“The asset management industry in the Middle East is growing rapidly and investment strategies are becoming increasingly complex and global, while facing an ever changing regulatory landscape”, said John Legrand, Managing Director, Head of APAC and EMEA at Eagle. “Eagle is able to provide a scalable and automated architecture to investment and management teams, thereby streamlining their investment processes and allowing them to make more effective investment decisions. This not only leads to a more accurate and efficient investment process — Eagle’s integrated solution and cutting edge functionality enable a forward-looking risk infrastructure that is reliable and helps meet regulatory compliance.”

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 or follow us on Twitter @Eagleinvsys.

About BNY Mellon
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 March 31, 2015, 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). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.

Contact:
Garrett Tardie
Eagle Investment Systems LLC          
+1 781 943 4852        
gtardie@eagleinvsys.com

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Eagle Investment Systems LLC is a leading global provider of financial technology solutions.Eagle's data management, investment accounting and performance measurement solutions integrate and streamline the investment process in support of achieving improved business efficiencies at a lower cost of ownership.