MEDIA RELEASE PR36632
Eagle Investment Systems Establishes Asian Hub in Singapore
SINGAPORE and BOSTON, Oct. 19 /PRNewswire-AsiaNet/ --
Firm Hires Services, Consulting and Sales Staff to Serve Local Clients and
Prospects
Eagle Investment Systems LLC, a leading provider of financial services technology
and a wholly owned subsidiary of BNY Mellon Asset Servicing, today announced the opening
of a new operational centre in Singapore. The new office is Eagle's first in Asia(1)*.
While Eagle has been servicing clients in the region for more than seven years, the
company has recently decided to establish an office here in response to continued growth
in business opportunities across Asia Pacific over the last two years.
In the wake of the recent financial crisis, there is clear evidence that Asia
Pacific investment firms have renewed their focus on risk management and data
management, leading to higher demand for Eagle's services. Like their counterparts in
other markets, Asia Pacific investment firms are looking to build or expand
relationships with financial software companies to strengthen their businesses. Equally,
as more companies retain previous applications within their system, they find it
increasingly important to work with vendors who can provide them with products and
services that work successfully across the multiple legacy applications old and new.
Given that due diligence is being conducted more extensively, it has become more crucial
that software vendors supply models that will remain stable and intact for the next five
to ten years to ensure the success of the due diligence process.
"Our clients' businesses are becoming increasingly sophisticated and complex. This
has led to rapid changes in their technology requirements. They need better visibility
into their data, greater accuracy and automation of investment accounting, as well as
the ability to measure in much finer detail the performance of their investments. Eagle
can provide the solutions they need," said John Legrand, managing director of Eagle's
Asia Pacific and EMEA operations. "Establishing a permanent presence and providing on-
the-ground support in Asia is therefore the right next step for us."
Led by Legrand, Eagle's Singapore office comprises a team of local, experienced
professionals, who will support the development of new sales channels across the region
and work with a growing list of prospects, manage existing client relationships and
assist with client implementations:
-- Danny Lim will head sales efforts for the region. He has 12 years'
experience in the Asian financial services industry and was most
recently a sales manager with Thomson Reuters covering the Southeast
Asia region. Prior to that, he held sales positions at Bloomberg L.P.
for four and a half years covering Asian regions.
-- William Tan is responsible for implementation consultancy and sales
support. His experience extends over 20 years, with relevant financial
experience for the last 14 years. He joins Eagle from Thomson Reuters,
where he was a senior consultant.
Eagle has also recruited two other expert professionals who will commence work
during the fourth quarter of this year. One will handle client consulting and
implementations, while the other will manage all local client relationships.
In addition to English, the team speaks numerous Asian languages including Bahasa
Melayu, Mandarin, Cantonese, Hokkien and Teochew.
"Growth markets across Asia, including China, are critical to the future of Eagle,
and we are committing the resources, people and capital needed to pursue the significant
opportunities in the region," said John Lehner, president of Eagle Investment Systems.
"Singapore with its strategic location and highly business-friendly environment, is an
ideal base from which to develop our Asia business. With this new Asian operating
centre, we have taken a critical step to increase our presence and franchise in Asia to
better service our expanding client base."
The new office is located at One Temasek Avenue, #02-01 Millenia Tower in Singapore
within BNY Mellon's offices.
Headquartered in the United States, Eagle has offices in various locations including
Australia, Canada and the United Kingdom.
Eagle Investment Systems LLC, a wholly owned subsidiary of BNY Mellon Asset
Servicing, is a global provider of financial services technology. Eagle provides
leading-edge technology and services for data management, investment accounting and
performance measurement. Eagle's product suite is offered as an installed application or
can be hosted via Eagle ACCESS(SM), Eagle's ASP offering.
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialised
asset servicing capabilities, including custody and fund services, securities lending,
performance and analytics, and execution services.
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE:
BK). BNY Mellon is a global financial services company focused on helping clients manage
and service their financial assets, operating in 34 countries and serving more than 100
markets. The company is a leading provider of financial services for institutions,
corporations and high-net-worth individuals, providing superior asset management and
wealth management, asset servicing, issuer services, clearing services and treasury
services through a worldwide client-focused team. It has $20.7 trillion in assets under
custody and administration, $926 billion in assets under management, services more than
$11.8 trillion in outstanding debt and processes global payments averaging $1.8 trillion
per day. Additional information is available at www.bnymellon.com.
(1) *The local entity name of Eagle's Singapore operations is Eagle Investment
Systems Singapore Pte. Ltd
SOURCE: Eagle Investment Systems LLC
CONTACT: Emily Bonkowski,
Eagle Investment Systems,
+1-617-219-0196,
ebonkowski@eagleinvsys.com; or
Laurel Teo,
Financial Dynamics,
+65-6224-2987,
laurel.teo@fd.com
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