Federated Investors Selects Eagle Investment Systems

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 ACCESS^SM. 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.

SOURCE Eagle Investment Systems LLC