Eagle Investment Systems LLC, a leading provider of financial services technology and subsidiary of BNY Mellon, today announced that John Legrand, managing director of Eagle's Asia-Pacific and European, Middle East and Africa (EMEA) operations has moved to Singapore to manage the company's first office in Asia.
Eagle has worked with Asian clients for more than eight years and established an office in Singapore in 2009 in response to recent business opportunity growth across Asia-Pacific. Legrand is relocating from Eagle's London office and continues to hold responsibility for both EMEA as well as Asia-Pacific. Following his relocation, Eagle will be expanding its London team to reflect continued business demand from EMEA-based companies.
Legrand's move to Singapore is part of Eagle's strategy to address a steadily growing demand for Eagle's solutions for data management, investment accounting and performance measurement and attribution. "Although most Asian institutions fared far better than other companies around the world during the financial crisis thanks to strong risk management processes, they continue to proactively mitigate unnecessary risk and evolve their operational infrastructures," said Eagle's Legrand. "As such, there is an enormous demand by these firms for enterprise data management solutions that provide visibility, operational efficiencies, and the ability to move quickly to be able to adjust to market changes. The days of just managing reference data have long past."
Eagle expects additional investment and expansion in the region in the near future. "The Asian markets are leading a technological revolution in their implementation of newer technologies by replacing them with web-based software and exploring new delivery methods such as hosting. At the same time, we are seeing an increased appetite for investment accounting and performance measurement solutions that remain current with regulatory changes, yet flexible enough to adapt to local needs," added Legrand.
John Lehner, Eagle's president and CEO, said: "John's move to the Singapore office elevates Eagle's presence in a part of the world where our business is growing more than any other region. Relocating one of the most senior managers of the Eagle team directly addressesesses client requests for local senior support and provides us with the ability to assess and concentrate on existing and future client needs more effectively."