TOKYO, May 11 /PRNewswire/ --
- Centralized data management strategy helps mitigate risk and increase business efficiency
Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of The Bank of New York Mellon, announced that Nomura Asset Management (NAM), Japan's largest asset manager, has successfully deployed Eagle's data management solution. This project represents the first stage of NAM's multi-phase plan to upgrade its global investment platform.
For many asset managers, a data management strategy remains a top priority because it helps mitigate risk, increases operational efficiency and creates a solid foundation for managers to make sound business and operational decisions. By implementing a centralized data management strategy, managers leverage clean and accurate investment data to understand their level of risk and exposure to funds across all portfolios and react quickly to internal and client reporting requirements.
NAM selected Eagle's data management solution to centralize and validate its investment data to make certain that consistent information is shared across its investment management systems.
The first phase of the project involved automating, cleansing, and centralizing NAM's data for global equity investments so that accurate data in a common format could be leveraged by its other internal systems that perform compliance and trade management functions. In the future, NAM plans to roll out the same platform to a number of its global offices to capitalize on the same operational and business benefits throughout its organization.
Leveraging a data-centric design, Eagle's data management solution helps asset managers create and maintain an enterprise data standard to ensure investment data quality and consistency. As a result, managers save time and money by eliminating duplicate sources of data, reducing bad trades and lessening the risk of making bad business decisions. The solution provides transparency into portfolios to view all assets and sub-assets, and enables managers to analyze complex strategies and investment vehicles. For all securities, Eagle provides the ability to report real-time data and provide a full history over time.
Data is a crucial element of our operations, and Eagle's platform helps us efficiently manage our data and provides our analysts with a clear and comprehensive view of our business, said Koichi Goto, senior corporate managing director. We selected Eagle after an exhaustive evaluation that began in July 2007 and we believe its data management solution is the best in the market. By leveraging Eagle's extensive experience in integrating multiple data sources and other back-office systems, we were able to deliver our initial phase on schedule.
We continue to see broader adoption of our platform to support a firm's global footprint, said John Lehner, president of Eagle. Nomura's vision to deliver a unified platform across its operations is a cause Eagle has been championing with its existing client base for more than a decade. We look forward to growing our relationship with Nomura Asset Management as it continues to roll out the Eagle platform to its global offices.
Nomura Asset Management Co., Ltd. (NAM) established in 1959, is a multi-product firm offering advisory services, as well as equity and fixed income investments to both institutional and retail clients. Specializing in Japan and the Pacific Basin, NAM is the largest international investment management and advisory company in Japan with offices throughout the world. NAM is considered a pioneer of globalization with a strong presence in Asia, Europe and North America. Each management team is dedicated to sound research and analysis of market fundamentals. They use an expanded research network, integrated expertise and specialized technology to realize the optimum investment performance of each fund.
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 firstname.lastname@example.org or visit www.eagleinvsys.com.
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialised 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$20.2 trillion in assets under custody and administration, US$928 billion in assets under management and services more than US$11 trillion in outstanding debt. Additional information is available at www.bnymellon.com.