Eagle wins Oregon Treasury contract

Eagle wins Oregon Treasury contract

Oregon State Treasury has chosen a Web-based portfolio management solution from Mellon Bank IT subsidiary Eagle to help manage its $44 billion in assets under management.

The Treasury, which manages state funds, local government excess cash, and retirement funds, will use Eagle's software to consolidate and analyse investment data. The technology will be implemented later this year by InvestTech Systems Consulting.

The contract is for the implementation of a number of products, including: Eagle Pace, a Web-based data hub and portfolio management system; Eagle Portal, for retrieval of real-time investment data through Web and wireless devices; and Eagle Trade Hub, a straight-through link between front-office trading systems and custodians and clearing houses.

Darren Bond, director of finance, Oregon State Treasury, says the company was looking for a tried and tested solution capable of supporting the specific needs of plan sponsors.

He states: "With Eagle's technology, Treasury can consolidate investment data from a number of data sources, such as trading, reporting, and analytics, and create customised reports based on the needs of our internal portfolio managers and our investors."

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