Full-suite solution will also facilitate an IBOR, while
Eagle's Reference Data Center will deliver enhanced reference data
management
BOSTON, March 10, 2016 /PRNewswire/ -- Eagle
Investment Systems LLC, a BNY Mellon company and leading provider
of financial services technology, today announced that they have
been selected by Federated Investors, Inc. to implement a portfolio
management solution comprised of data management, investment
accounting and performance measurement. The integrated solutions
will help enable Federated to achieve an investment book of record
(IBOR).
"We approached Eagle as part of a platform transformation
project that would facilitate our growth into new asset categories,
deliver quality data downstream, and provide greater data agility
required to stay ahead of evolving client and regulatory
requirements," said Tim Trebilcock,
head of global trading and operations at Federated. "After a
thorough evaluation of industry software vendors and service
providers, Federated found Eagle Investment Systems to be the best
fit for our company. We look forward to utilizing the Eagle
solution to enhance operational efficiency, control and
oversight."
According to Mal Cullen, chief
executive officer for Eagle, more and more investment firms
globally are replacing legacy platforms to help them comply with
regulatory change, solve complex IBOR needs, and support growth
into new instruments and products. "This significant and exciting
new relationship underscores our commitment to delivering
innovation to our clients and the power of Eagle's fully integrated
solutions and services for the world's largest asset managers,"
said Cullen.
Federated will also be implementing Eagle's Reference Data
Center (RDC) which will centralize and integrate the organization's
reference data and provide enhanced validation and exception
processing. The mature data model delivered with RDC enhances data
governance and also provides out-of-the-box data integration and
validation for a wide-range of asset categories.
Notes to editors
Federated Investors
Federated Investors,
Inc. (NYSE: FII) is one of the largest investment managers in
the United States, managing
$361.1 billion in assets as of
Dec. 31, 2015. With 122 funds, as
well as a variety of separately managed account options, Federated
provides comprehensive investment management to more than 8,400
institutions and intermediaries including corporations, government
entities, insurance companies, foundations and endowments, banks
and broker/dealers. For more information, visit
FederatedInvestors.com.
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.
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 Dec. 31, 2015, BNY
Mellon had $28.9 trillion in assets
under custody and/or administration, and $1.6 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. Follow us on
Twitter @BNYMellon or visit our newsroom at
www.bnymellon.com/newsroom for the latest company news.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/federated-investors-selects-eagle-investment-systems-300233546.html