Eagle Investment Systems LLC (Eagle), a leading provider of financial services technology and a subsidiary of BNY Mellon, announced today that Singapore-based Lion Global Investors has deployed the company's investment performance measurement solution, known as Eagle Performance.
Lion Global Investors selected Eagle Performance to meet its requirements for a robust performance measurement system that offered the ability to generate multi-currency return attribution for its different asset strategies comprising equities, fixed income and derivatives. With the implementation of Eagle Performance into its investment management platform, Lion Global Investors has access to portfolio return attribution on one solution for all its equity, fixed income and balanced portfolios, thereby reducing the costs associated with managing multiple performance measurement systems.
"We were looking for a proven performance measurement solution and an experienced global technology provider. Eagle Investment Systems met those requirements," said Mr. Gerard Lee, CEO and CIO of Lion Global Investors. "Since deploying Eagle Performance, we are able to integrate all our portfolios onto a single performance attribution platform, thereby increasing our operational efficiency."
John Legrand, managing director, head of Asia-Pacific and EMEA at Eagle, noted that many asset managers across Asia-Pacific are increasingly recognizing the need to turn to outside financial technology providers for a comprehensive performance measurement solution to replace older legacy systems and manual processes that create unnecessary risk and complexity.
"The asset management industry in Asia-Pacific continues to grow rapidly and investment strategies are becoming increasingly complex and global," said Mr. Legrand. "At the same time, the regulatory landscape is changing. As a result, firms are looking to improve their understanding of performance across the entire enterprise in order to deliver more transparent and accurate reporting to investors and regulators. It's no surprise that Asia-Pacific is the fastest growing market for performance measurement technology in the world."
"Global investment managers like Lion Global Investors require a performance measurement solution that is flexible and scalable enough to meet the demands of today's changing regulatory and market environment. This means seeking out an integrated solution with innovative and cutting-edge functionality specifically designed to mitigate risk and create operational efficiencies."