National Australia Bank Deploys Eagle Investment Systems' Investment
Performance Measurement Solution
MELBOURNE, Australia, April 29, 2014
-- Now available to NAB's 70+ asset manager clients
MELBOURNE, Australia, April 29,2014 /PRNewswire/ --Eagle Investment Systems
LLC (Eagle), a leading provider of financial services technology and a
subsidiary of BNY Mellon, today announced that National Australia Bank's Asset
Servicing business (NAB) has deployed Eagle Performance, which will be used to
service its 70+ asset management client's investment performance measurement
Eagle has had a successful relationship with NAB using its data management
technology for many years. By fully incorporating Eagle Performance into its
investment management platform, NAB can service its various clients on one
platform, thereby reducing risk and costs associated with managing multiple
performance measurement systems as well as manual processes. NAB is using the
full Eagle Performance offering and leveraging its various performance
attribution styles such as the Brinson Fachler equity attribution model, which
enables NAB to determine and describe the difference between the portfolio
return and the benchmark return more accurately.
Christine Bartlett, Executive General Manager of NAB's Asset Servicing
business, noted this is another example of NAB's and BNY Mellon's alliance in
action and explains why Eagle Performance will be a major benefit for
"NAB has deployed Eagle Performance to better service our clients' investment
performance measurement requirements by focusing on superior technology,
flexible delivery and enhanced reporting. We are delighted that through our
alliance with BNY Mellon we are able to bring Eagle's advanced technology to
our customers and help them to transform their businesses."
John Legrand, managing director, head of Asia-Pacific and EMEA at Eagle, noted
that the company will be increasing its investment in Australia and New
Zealand to meet the evolving needs of local institutions. He added Eagle's
performance measurement and data management capabilities could be ideal
solutions for Australian investment managers who are increasingly concerned
with risk management and operational efficiency.
"The business need for real-time data and the ability to create custom
calculations continues to drive investment managers to implement new
performance measurement solutions," said Legrand. "Hindering these
requirements are manual processes and older legacy systems that cannot offer
the level of detail and the different views of performance calculations
without adding unwanted complexity and risk."
"Accordingly, many financial institutions turn to providers, like Eagle, to
provide integrated solutions with the most up-to-date functionality and
adherence to regulation to help manage their risk, streamline their operations
and help service their clients," added Legrand.
About Eagle Investment Systems 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 .
About BNY Mellon 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
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.
About National Australia Bank National Australia Bank Limited is an
international financial services organisation. One of Australia's biggest
banks and largest listed institutions, NAB manages relationships with retail,
corporate and institutional clients, and financial organisations
internationally. A strong balance sheet has helped rank us as the safest
Australasian bank and 16th overall World's safest bank in Global Finance
Magazine's World's 50 Safest Banks.
NAB Group's operations in Asia, Australia, New Zealand, the United Kingdom and
the United States serve over 10 million banking and wealth management clients,
providing access to international financial markets and an extensive range of
specialised funding, liquidity, investment, asset servicing and risk
NAB Asset Servicing is the largest custodian in the Australian market with
$600+ billion in assets under custody and administration for Australian
investors. It provides custody, administration; middle office and other
related services to a range of locally and internationally domiciled clients.
These include government agencies, investment managers, superannuation funds,
insurance companies and banks. NAB has provided domestic custody services
since 1950 and global custody and investment administration services since
Contact: Emily Bonkowski, Eagle Investment Systems LLC, +1 781 943 2031,
firstname.lastname@example.org; Louisa Bartoszek, BNY Mellon, +44 20 7163 2826,
email@example.com; Nada Jolic, NAB, +61 477 709 949,
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