Mellon Financial Corporation today announced that it has combined the services of its Mellon Analytical Solutions (MAS) business with the product set of Eagle Performance.
"Adding our Eagle Performance products to the MAS business creates the most powerful, combined performance and analytics product set in the global industry," said Gunjan Kedia, MAS president. "By uniting these products, services, product delivery channels and technology, we have effectively created an unmatched offering in this market. Not only do we now offer even more dynamic solutions to our clients, but we also facilitate more efficient and coordinated development within the business."
MAS, formed in September 2005 when Mellon acquired Russell Investment Group’s 50 percent share in the Russell/Mellon joint venture, provides a wide array of performance measurement, analytics, attribution, universe and risk analysis solutions to institutional investors and money managers. Eagle Performance, developed by Mellon’s Eagle Investment Systems subsidiary, provides solutions to institutions through portfolio and mutual fund performance measurement, performance attribution, index data management and portfolio analysis and reporting.
"Our value proposition for MAS is centered around flexible data, services and software solutions. By extending our capabilities in those areas, we are able to better meet our clients’ evolving needs and broaden our market-leading position," said Kedia, who oversees the MAS business. "This initiative reaffirms our commitment to our key client segments – pension plan sponsors, foundations, endowments, consultants and investment managers – and further meets their ever-evolving performance/analytics needs."
Kedia also announced the appointment of two Mellon veterans who will report to her and have management responsibility for the MAS performance measurement business:
• Bruce Feibel has been named global director of MAS and Eagle Performance products, and will be responsible for MAS product management and software development globally. He previously led the Eagle PACE and Eagle Performance businesses. Feibel is a chartered financial analyst, author of “Investment Performance Measurement” published by Wiley and contributed to the development of the investment industries performance measurement standards as a member of the CFA Institute Investment Performance Council.
• Joe Kikta, who has assumed the role of director of global client service delivery, formerly served as director of strategy management for Mellon’s Investment Management Solutions (IMS) business.