Mellon Capital Selects Eagle’s Data Management Solution Following Successful Performance Project

18 August, 2010

BOSTON – August 18, 2010 – Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that Mellon Capital Management Corporation has selected Eagle’s data management platform in addition to the vendor’s performance measurement and attribution system currently in operation.

Improved data management remains a priority for investment managers as the financial services industry is focused on risk management, improved automation and adherence to industry regulation.

Mellon Capital will continue its back office upgrade by moving its data into the Eagle data hub, a centralized data repository for investment data. The data hub will centrally manage, qualify and enhance Mellon Capital’s data, which will then be fed to various middle- and back-office systems. Mellon Capital also selected Eagle to enhance its reporting through the use of the Eagle Data Mart, which enables users to report on information from Eagle applications and generate information for access using third-party report and query tools.

“Following our success in deploying Eagle’s performance measurement system, we expect significant improvements around data workflow and improved flexibility using the Data Mart,” says Linda Lillard, Mellon Capital’s deputy chief operating officer. “These and other factors make Eagle the right choice for the next phase in our investment management systems enhancements.”

“We look forward to assisting Mellon Capital with the next step in updating its investment management architecture,” said John Lehner, Eagle’s president and chief executive officer. “Our integrated data management and performance measurement capabilities will help further enhance Mellon Capital's accurate and timely management of performance data.”

Founded in 1983 by innovators in the investment management field, Mellon Capital Management Corporation applies a disciplined and analytical approach to global investment management strategies. As of March 31, 2010, the firm had $170.6 billion in assets under management, including assets managed by dual officers of Mellon Capital Management Corporation, The Bank of New York Mellon and The Dreyfus Corporation, and $9.1 billion in overlay strategies. Additional information about Mellon Capital is available at www.mcm.com. It is part of BNY Mellon Asset Management, one of the world’s largest asset managers.

Eagle Investment Systems LLC, a subsidiary of BNY Mellon Asset Servicing, 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. Additional information is available at www.eagleinvsys.com.

 

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 $21.8 trillion in assets under custody and administration, $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Additional information is available at www.bnymellon.com.  

Press contacts: 
Eagle Investment Systems LLC
Kendra Ahern
T: +1 617 219 0209
E: kahern@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.