Investment management industry hindered by 'inflexible' portfolio management systems finds new white paper from Eagle Investment

Investment management industry hindered by 'inflexible' portfolio management 
systems finds new white paper from Eagle Investment Systems and Waters 
-- One-in-four data managers dissatisfied with current portfolio management 
-- Effective management of data required to produce IBOR is 'out of reach' for 
nearly one-third of investment managers 
BOSTON, Jan. 31, 2014 /CNW/ - Inflexible portfolio management infrastructures 
are hindering investment management companies' ability to adapt to 
organizational and market changes, according to a new white paper sponsored by 
Eagle Investment Systems LLC (Eagle), a leading provider of financial services 
technology and a subsidiary of BNY Mellon. 
The white paper, A Data-Centric Approach to Portfolio Management, was released 
by Waters Technology and based on survey responses from senior executives at 
investment management companies and asset managers who assessed current 
practices around Investment Book of Record (IBOR) and portfolio management. 
The white paper can be downloaded at 
The paper reveals that nearly half of the survey respondents believe it is 
presently quite difficult to adapt their organization's portfolio management 
infrastructure in the face of changing internal or external environments such 
as the integration of new systems, expansion into new product areas or asset 
classes, and changing rules and regulations or market trends. 
The survey exposes that a quarter of data managers are not satisfied with 
their current portfolio management solution when it comes to sourcing, 
organizing and managing data. 
The paper also discloses that more than half of organizations still use 
several different systems to compile an IBOR, potentially leading to 
inaccurate data and increased operational complexity. These companies are 
using anywhere between two and eight systems to complete the process of 
generating an IBOR. 
"Our research reveals the difficulties many investment firms face and the 
importance of data management when it comes to efficiently and accurately 
managing portfolios," said Mal Cullen, Eagle managing director and head of the 
Americas and Eagle ACCESS((SM)). "Many use numerous systems that they've 
either inherited through acquisitions or bolted-on as they've added new 
products or entered new geographies. This inevitably affects the speed and 
accuracy of reporting and decision-making." 
"Firms should consider adopting a data-centric approach to their portfolio 
management and IBOR, where the investment data for all assets is available 
through a single, centralized database," Cullen added. 
In recent years, IBOR has emerged as a valuable tool for investment managers, 
both in handling the abundance of information and meeting new financial 
regulations.  An IBOR uses information gathered from across the business to 
provide a consistent and accurate overview of a company's assets for 
enterprise-wide consumption. 
However, where underlying information is siloed, by asset class or geography 
for example, and multiple systems are used, producing an accurate IBOR can 
become hugely time-consuming and fraught with difficulty.  This has led to 
nearly one-in-three data managers concluding that effective management of the 
data required to produce an IBOR for their organization remains out of reach. 
Waters Technology will host a breakfast meeting in New York on February 4, 
2014 focused on defining, advocating for, and implementing an effective IBOR. 
Eagle's Mal Cullen will participate on a panel focused on best practices and 
guidelines for developing an IBOR capability. For more information, please 
Eagle is committed to helping financial institutions worldwide grow assets 
efficiently with its innovative portfolio management suite of data management, 
investment accounting and performance measurement solutions that are delivered 
over its secure private cloud, Eagle ACCESS(SM). Since 1989, Eagle has 
deployed 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 
BNY Mellon's Asset Servicing business supports institutional investors in 
today's fast-evolving markets, safeguarding 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 December 
31, 2013, BNY Mellon had $27.6 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 or follow us on 
Twitter @BNYMellon.

SOURCE  Eagle Investment Systems LLC 
Kendra Ahern, Eagle Investment Systems LLC, +1 781 943 2007, 
To view this news release in HTML formatting, please use the following URL: 
CO: Eagle Investment Systems LLC
ST: New York
-0- Jan/31/2014 17:14 GMT
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