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 Access.
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.”