Invesco Implements Eagle Performance Measurement Solution in Europe
- Project Represents Next Phase of Consolidation for Invesco by Expanding on its North America Deployment
BOSTON and LONDON, Sept. 18, 2012 /PRNewswire/ -- Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that its client Invesco, a leading independent global investment manager, has fully implemented Eagle's performance measurement solution to manage its retail and institutional business in Continental Europe, leveraging the existing production instance of the Eagle platform in North America.
Invesco selected Eagle's performance measurement solution to help consolidate its global portfolio management operations onto one platform and create more efficiency.
As a result of this deployment, Invesco now has a consolidated view of its business across North America and Continental Europe. Streamlining these processes has helped Invesco realize cost savings and establish a baseline for consolidating additional European funds in the future. Invesco is also utilizing Eagle's data mart for enhanced reporting across performance, holdings, transactions, fund rankings/ratings, and risk metrics. Additionally, the Eagle platform helps support Invesco's client reporting, P&L reporting and fact sheet development for their Paris and Frankfurt businesses.
"By consolidating our data and performance operations, Invesco has been able to return capacity back to our IT group and improve efficiencies for our business partners, and we can now offer an enhanced client experience for the funds we have consolidated on the Eagle platform. Despite this being a large undertaking, we are pleased that the project was completed on schedule and according to plan," said Fabian Gomez, senior director at Invesco. "We are excited about the efficiencies that Eagle's technology affords our business and clients. The groundwork has already been laid to leverage Eagle's software for the next phase of consolidation for Invesco."
"Our work with Invesco is the perfect example of how Eagle collaborates with clients to create a successful global implementation strategy when faced with complexity and scale," said John Lehner, president and CEO of Eagle. "Working with Invesco illustrates how thorough planning and true collaboration can result in a successful deployment, while providing the client with immediate benefits and results. We look forward to our continued collaboration in the future."
Invesco is a leading independent global investment manager, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to retail, institutional and high net worth clients around the world. Operating in more than 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
Eagle Investment Systems 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 www.eagleinvsys.com.
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing provides services through BNY Mellon and other related companies.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $27.1 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.5 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com or follow us on Twitter @BNYMellon.
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