Eagle Investment Systems Collaborates with AIMS-STM to Provide Comprehensive
Portfolio Management Solution Encompassing Australian Capital Gains Tax Support
Unique offering will enable financial organisations to help manage portfolios,
mitigate risk and adhere to capital gains compliance
SYDNEY, March 11, 2014 /CNW/ - Eagle Investment Systems LLC, a leading
provider of financial services technology and a subsidiary of BNY Mellon,
today announced that it is collaborating with AIMS-STM, the leading specialist
in capital gains tax (CGT) software for Australian shares and managed funds to
accountants and financial institutions across Australia.
Eagle's collaboration with AIMS-STM will offer the Australian market the only
comprehensive and innovative portfolio management solution covering middle and
back-office functions together with fully automated Australian capital gains
tax calculations. This unique alignment of portfolio management and capital
gains specialists will also aid clients with their front office decision
making by taking advantage of the 'what if' scenario functionality used by
fund managers to make informed investment decisions aimed at achieving after
tax benchmarks. By selecting this offering, companies will gain access to two
leading specialist financial service providers, without the need to manage
multiple relationships and integration projects.
"Financial organisations in Australia demand CGT calculations as a standard,
and by aligning Eagle and AIMS-STM, we are offering the most innovative and
efficient portfolio management solution with the most comprehensive CGT
calculations," said John Legrand, managing director of Eagle's EMEA and Asia
Pacific operations, Eagle Investment Systems. "This is a unique solution, as
other software accounting firms have attempted to address this issue with
custom software code but fall short of providing a seamless process and robust
"For the first time, investment managers will be able to leverage one solution
to manage their portfolios while mitigating risk and adhering to the stringent
CGT requirements," said Gillen Kirkwood of AIMS-STM. "We provide fast and
accurate capital gains tax calculation and we maintain on a daily basis one of
the most comprehensive databases of Australian corporate actions from 1985 to
Eagle's innovative portfolio management suite, coupled with AIMS-STM precise
CGT calculations, which include the most complex security types and corporate
actions, presents the Australian market with an all-inclusive offering."
Eagle's open architecture enables an ecosystem that helps clients deploy
industry leading solutions that combine Eagle capabilities with third-party
solutions available in the larger marketplace.
Eagle is committed to helping financial institutions worldwide grow assets
efficiently with its award-winning portfolio management suite of data
management, investment accounting and performance measurement solutions that
are delivered over its secure private cloud, Eagle ACCESS(SM). Eagle deploys
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 www.eagleinvsys.com.
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
SOURCE Eagle Investment Systems LLC
Kendra Ahern, Eagle Investment Systems LLC, +1 781 943 2007,
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CO: Eagle Investment Systems LLC
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-0- Mar/11/2014 04:43 GMT
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