Eagle Investment Systems LLC, a BNY Mellon company and leading provider of financial services technology, has been selected by Desjardins Group, the leading Canadian cooperative financial group, to deliver a new investment fund accounting platform hosted on Eagle's secure private cloud, Eagle ACCESSSM.
Desjardins decided to replace its legacy mutual fund accounting platform with a modern system to support several new initiatives and facilitate both top- and bottom-line growth.
"The increasing number of asset types and assets under management was making it more challenging and time consuming to produce net asset values (NAVs)," said Pauline Toulouse, Vice President and Chief Operating Officer, Investment Product Operations Division at Desjardins Group. "We are looking forward to leveraging the Eagle fund accounting platform, which we are confident will play a central role as we continue to efficiently grow our business and deliver excellent service to our investors for years to come."
"We are delighted that Eagle has been selected as Desjardins' fund accounting platform following a competitive selection process," said Mal Cullen, Chief Executive Officer at Eagle. "Investment managers are increasingly struggling to manage their workflows, which has led many to introduce manual processes and workarounds as their legacy systems strain to keep up with the volume and breadth of demands being placed on them. Our solutions will ease that burden for Desjardins."
Desjardins Group is the leading cooperative financial group in Canada and the sixth largest cooperative financial group in the world, with assets of more than $260 billion. It has been rated one of the Best Employers in Canada by Aon Hewitt. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada. Counted among the world's strongest banks according to The Banker magazine, Desjardins has one of the highest capital ratios and credit ratings in the industry.
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 ACCESSSM. 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 or follow us on Twitter @Eagleinvsys.
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 June 30, 2016, BNY Mellon had $29.5 trillion in assets under custody and/or administration, and $1.7 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 http://www.bnymellon.com/. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.