Lion Global Investors Selects Eagle Investment Systems to Deliver Global Investment Performance Measurement
Asia-Pacific's rapidly growing asset management industry is fuelling a surge in performance measurement requirements from financial technology providers
SINGAPORE, Oct. 30, 2014 /PRNewswire/ -- Eagle Investment Systems LLC (Eagle), a leading provider of financial services technology and a subsidiary of BNY Mellon, announced today that Singapore-based Lion Global Investors has deployed the company's investment performance measurement solution, known as Eagle Performance.
Lion Global Investors selected Eagle Performance to meet its requirements for a robust performance measurement system that offered the ability to generate multi-currency return attribution for its different asset strategies comprising equities, fixed income and derivatives. With the implementation of Eagle Performance into its investment management platform, Lion Global Investors has access to portfolio return attribution on one solution for all its equity, fixed income and balanced portfolios, thereby reducing the costs associated with managing multiple performance measurement systems.
"We were looking for a proven performance measurement solution and an experienced global technology provider. Eagle Investment Systems met those requirements," said Mr. Gerard Lee, CEO and CIO of Lion Global Investors. "Since deploying Eagle Performance, we are able to integrate all our portfolios onto a single performance attribution platform, thereby increasing our operational efficiency."
John Legrand, managing director, head of Asia-Pacific and EMEA at Eagle, noted that many asset managers across Asia-Pacific are increasingly recognizing the need to turn to outside financial technology providers for a comprehensive performance measurement solution to replace older legacy systems and manual processes that create unnecessary risk and complexity.
"The asset management industry in Asia-Pacific continues to grow rapidly and investment strategies are becoming increasingly complex and global," said Mr. Legrand. "At the same time, the regulatory landscape is changing. As a result, firms are looking to improve their understanding of performance across the entire enterprise in order to deliver more transparent and accurate reporting to investors and regulators. It's no surprise that Asia-Pacific is the fastest growing market for performance measurement technology in the world."
"Global investment managers like Lion Global Investors require a performance measurement solution that is flexible and scalable enough to meet the demands of today's changing regulatory and market environment. This means seeking out an integrated solution with innovative and cutting-edge functionality specifically designed to mitigate risk and create operational efficiencies."
About Lion Global Investors
Lion Global Investors, a member of the Oversea-Chinese Banking Corporation Limited (OCBC) Group, is one of the largest asset management companies in Southeast Asia, with group assets under management of S$32.6 billion (US$25.5 billion) as at 30 September 2014. Established as an Asian asset specialist since 1986, Lion Global Investors' core competencies are in managing Asian equities and fixed income strategies and funds to both institutional and retail investors. Its large and experienced investment team of over 40 fund managers and analysts averaging over 14 years of financial industry experience is firmly dedicated to Asian and global equities and fixed income markets. For more information, visit www.lionglobalinvestors.com.
About Eagle
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 Sept. 30, 2014, BNY Mellon had $28.3 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, or follow us on Twitter @BNYMellon.
SOURCE Eagle Investment Systems LLC
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