Source: Eagle Investment Systems
Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that AGF Management Limited has selected Eagle's investment management suite to be delivered via its application service provider (ASP), Eagle ACCESS(SM).
Based in Toronto, AGF provides investment management services to advisor, institutional and high-net-worth clients from its offices across Canada and subsidiaries around the world. The firm will leverage Eagle to standardize its data management functions across several AGF entities. Eagle offers a common, integrated platform for data management, investment accounting, and performance measurement, which includes functionality for daily performance and attribution analysis and GIPS® composite management. The firm will deploy the Eagle Portal, a web-based tool that simplifies and executes the distribution of investment reports to internal and external clients globally.
"Eagle will provide our portfolio managers with improved access to information they need at their fingertips quickly and efficiently, which in turn will allow us to deliver an even higher level of service to our clients," said Rob Badun, AGF's executive vice president, Investments. "During the selection process, the Eagle team stood out because it clearly understands the investment management process and how organizations such as ours can benefit from its software."
AGF selected Eagle to replace current applications which include a mix of home-grown and installed vendor solutions. Eagle's hosted service was chosen as AGF's desired deployment method because it offered fast time to market, cost effectiveness, and an enhanced level of service. The implementation will be rolled out in phases and began in July.
"Today's investment managers are implementing technologies that help simplify their investment management processes to gain greater access to accurate and up-to-date information, wherever they are located," said Mal Cullen, managing director of Eagle's Canadian operations. "Firms remain extremely cost conscious and lean toward offerings that can help reduce the time to market and cost of running their operations."