National Australia Bank Deploys Eagle Investment Systems' Investment Performance Measurement Solution Now available to NAB's 70+ asset manager clients PR Newswire MELBOURNE, Australia, April 29, 2014 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 requirements. 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 customers. "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 Twitter @BNYMellon. 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 management capabilities. 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 1975. SOURCE Eagle Investment Systems LLC Website: http://www.eagleinvsys.com Contact: Emily Bonkowski, Eagle Investment Systems LLC, +1 781 943 2031, email@example.com; Louisa Bartoszek, BNY Mellon, +44 20 7163 2826, firstname.lastname@example.org; Nada Jolic, NAB, +61 477 709 949, email@example.com
National Australia Bank Deploys Eagle Investment Systems' Investment Performance Measurement Solution
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