BOSTON, November 4 /PRNewswire/ --

- Leveraging Eagle's investment accounting functionality, back office support

Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of The Bank of New York Mellon, today announced that McDonnell Investment Management, LLC, a US$12 billion asset manager of fixed income assets, recently transitioned its installation of Eagle's investment accounting solution to the Eagle ACCESS application service provider.

McDonnell became an Eagle client in 2004 when it implemented its investment accounting solution to process high volumes of transactions. As its business environment evolved, McDonnell elected to transition to a hosted version of the functionality via Eagle ACCESS. This provided McDonnell with access to a knowledgeable team responsible for system upgrades, disaster recovery and support for the back office without having to allocate its internal staff resources.

We view our relationship with Eagle as an extension of the McDonnell team. The expertise and support we are provided is extremely valuable, said John Dragstrem, chief information officer of McDonnell.

While Eagle ACCESS has addressed many needs from a technical and support standpoint, McDonnell has also realized significant benefits using Eagle's investment accounting solution.

We have dramatically improved our reporting efficiencies and now process our investment accounting reports more than 60% faster. This has allowed us to focus on our business strategy, instead of the administrative needs, Mr. Dragstrem added.

McDonnell is yet another example of one of our clients that has streamlined its back office operations using our solutions via the Eagle hosted environment, Eagle ACCESS, said John Lehner, Eagle president. In today's challenging economy, firms are focused on reducing the time and cost of running their operations, but they also want the most robust functionality and system support available. Eagle's hosted solutions for investment accounting, data management, and performance measurement offer the asset management industry the best of all worlds.

McDonnell Investment Management, LLC is a private fixed income asset management firm based in suburban Chicago with approximately US$12 billion in assets under management as of June 30, 2008. McDonnell manages a wide range of fixed income assets across a diverse client base. McDonnell is 100 percent owned by its employees and is an SEC registered investment adviser. More information is available at www.mcdonnellinvestments.com.

Eagle Investment Systems LLC is a global provider of financial services technology, serving the world's leading financial institutions. Eagle's Web-based systems support the complex requirements of firms of any size including institutional investment managers, mutual funds, hedge funds, brokers, public funds, plan sponsors and insurance companies. Eagle is committed to providing enterprise-wide, leading-edge technology and professional services for investment accounting, data management, performance measurement and information delivery. Eagle's product suite is offered as an installed application or can be hosted via Eagle ACCESS, Eagle's application service provider. To learn more about Eagle's solutions, contact sales@eagleinvsys.com or visit www.eagleinvsys.com.

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing offers its products and services through The Bank of New York Mellon and other subsidiaries of The Bank of New York Mellon Corporation.

The Bank of New York Mellon Corporation (NYSE: BK) 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. The company 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 US$22.4 trillion in assets under custody and administration, approximately US$1.1 trillion in assets under management and services approximately US$12 trillion in outstanding debt. Additional information is available at www.bnymellon.com.

Kendra Ahern of Eagle Investment Systems LLC, +1-617-219-0209, kahern@eagleinvsys.com