Investment management industry hindered by 'inflexible' portfolio management
systems finds new white paper from Eagle Investment Systems and Waters
BOSTON, Jan. 31, 2014
-- 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 /PRNewswire/ -- 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
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 www.bnymellon.com or follow us on
Twitter @BNYMellon .
Contact: Kendra Ahern, Eagle Investment Systems LLC, +1 781 943 2007,
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