BOSTON, July 14, 2010 /PRNewswire/ -- Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced P.R.P. Performa Ltd. (Performa) is live in production with the Eagle suite, which includes data management, investment accounting and performance measurement solutions. STP Investment Services, Inc., provider of mid- and back-office investment services including technology consulting, assisted with the implementation.

With more than US$2 billion in assets under management, Performa manages investments for captive insurance and reinsurance companies. In addition to running its core investment processes, Performa is leveraging Eagle to facilitate accounting and administration, data management, GIPS(R) composite management, fixed income performance attribution, and client reporting. By interfacing with an industry leading trading platform, Eagle is able to process transactions from the front to middle and back office in real-time, improving the timeliness of data to Performa's entire business.

This is Performa's third major investment system integration in the past 10 years and has proven to be the smoothest. Although we moved from a highly automated environment, the gains we have realized from working with Eagle suite have been substantial, said Gary M. LeBlanc, CPA, chief operating officer at P.R.P. Performa Ltd. We have achieved significant efficiencies in our daily procedures and with our investment management platform, particularly when compared to our old accounting system.

Performa chose Eagle because it provided data management, investment accounting and performance measurement capabilities on one platform, said John Lehner, president and CEO of Eagle. We continue to see investment management firms shift to hosted and outsourced solutions, which allows them access to powerful applications without the burden of managing these systems.

The Eagle platform has been hosted via Eagle ACCESS(SM), Eagle's application service provider, and Performa's middle- and back-office operations have been outsourced to STP Investment Services. By coupling these services, Performa is able to focus its efforts on core competencies of investment management and superior client service.

The flexibility and scalability of Eagle's comprehensive solution, interfaced with an industry leading order management system, provides a technology platform that positions Performa well for future growth, more timely client service, and lower maintenance costs via straight-thru processing, said Patrick Murray, president of STP Investment Services, Inc.

P.R.P. Performa Ltd. (Performa) is the largest independent asset management firm headquartered in Bermuda. For nearly 20 years, Performa has focused exclusively on fund management for captive insurance and reinsurance companies. In providing balanced portfolio management service to its clients, Performa manages fixed income assets internally while working closely with its joint venture partner, Orbis Investment Management Ltd., to manage global equities. Performa currently manages assets in excess of US$2 billion. http://www.performa.bm

STP Investment Services, Inc. (STP) is an investment services company dedicated to providing fully scalable, flexible, integrated and comprehensive middle and back office services to asset management companies, enabling clients to focus on core competencies while realizing lower maintenance costs and improved efficiency. STP's services include fund administration, cash management, trade processing and settlement, data management, performance calculations, performance attribution, reporting, custodian reconciliation, financial system consulting, database administration, disaster recovery, and technology management. http://www.stpis.com

Eagle Investment Systems LLC, a subsidiary of BNY Mellon Asset Servicing, is a global provider of financial services technology. Eagle provides leading-edge technology and services for data management, investment accounting and performance measurement. Eagle's product suite is offered as an installed application or can be hosted via Eagle ACCESS(SM), Eagle's ASP offering. Additional information is available at http://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 is the corporate brand of The Bank of New York Mellon Corporation . BNY Mellon 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. BNY Mellon 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, US$1.1 trillion in assets under management, services US$11.8 trillion in outstanding debt and processes global payments averaging US$1.5 trillion per day. Additional information is available at http://www.bnymellon.com.

SOURCE: Eagle Investment Systems

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