Fiera Capital Selects Eagle as Enterprise Platform
Extends commitment to Eagle with acquisition of Natcan Investment Management
BOSTON, Jan. 8, 2013 /CNW/ - Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that Fiera Capital Corporation (TSX: FSZ), a leading independent Canadian full-service investment management firm with approximately $55 billion in assets under management, will implement Eagle's solutions throughout its enterprise.
Fiera Capital's relationship with Eagle was extended through the acquisition of long-time Eagle client, Natcan Investment Management. Fiera Capital is integrating Natcan's deployment of Eagle's data management solution, performance measurement solution, and multi-lingual portal to its current operational infrastructure. The firm is also adding $30 billion in assets to the Eagle platform while migrating to Eagle ACCESSSM, Eagle's secure private cloud.
Fiera Capital announced its acquisition of Natcan in April 2012, making the firm one of the largest independent asset managers in Canada. With $25 billion in assets under management, Natcan was formerly a subsidiary of National Bank of Canada, providing asset management services to pension funds, mutual funds, insurance companies, exchange-traded funds, foundations and other institutional clients. Natcan has been an Eagle client since 2005.
"In all of our acquisitions, we look to create efficiencies and find cost-savings by leveraging the best providers and services available," said Robert Trepanier, senior vice president, Operations and Information Technology, Fiera Capital. "In Natcan's case, we saw an opportunity to apply its current data management and performance measurement solutions to our entire company, thereby reducing multi-vendor complexity and saving time and money. Our adoption of Eagle's software and migration to the cloud will enable us to establish a firm-wide, state-of-the-art technology solution that is secure, universal and will help us to integrate future acquisitions into our centralized platform much more easily and efficiently."
"As a top investment manager in Canada, we saw the need for a leading technology provider that understands the industry and can advise us on how to best achieve our goals," said Maher Hemissi, vice president of Information Technology and Middle-Office, Fiera Capital. "Eagle has the experience and qualifications we were looking for in a vendor, and Natcan's success in using its platform was an obvious testament to their proven, broad capabilities. With Eagle, we now have a solution that is reflective of our place in the market and able to grow with us over time."
Fiera Capital is one of only a handful of full service, multi-product investment firms in Canada, offering clients a proven top tier track record in equity and fixed income management as well as depth and expertise in asset allocation and alternative investments. Additional information is available at www.fieracapital.com.
Eagle Investment Systems is committed to helping financial institutions worldwide grow assets efficiently with its innovative portfolio management suite of data management, investment accounting and performance measurement solutions that are delivered over its secure private cloud, Eagle ACCESSSM Since 1989, Eagle has deployed trusted solutions and services that create operational efficiencies and help reduce complexity and risk. Eagle Investment Systems LLC is a subsidiary of BNY Mellon. Additional information is available at www.eagleinvsys.com.
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing provides services through BNY Mellon and other related companies.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $27.9 trillion in assets under custody and administration and $1.4 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.
SOURCE: Eagle Investment Systems LLC
Kendra Ahern of Eagle Investment Systems LLC, +1-781-943-2007, [email protected]
http://www.eagleinvsys.com
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