BOSTON, March 16, 2011 /PRNewswire/ --
Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that Brandywine Global Investment Management LLC (Brandywine Global), which has $32 billion in assets under management, will deploy its hosted service, Eagle ACCESS(SM) for data management, investment accounting and performance measurement solutions.
Investment managers continue to struggle with managing new complex investments, and as a result are looking at solutions that can automate the process and provide future support. Brandywine Global deployed Eagle's data management solution in 2006. In 2010, Brandywine Global conducted a search for an investment accounting and performance measurement system and selected Eagle's hosted investment management suite to replace its existing installed applications.
"Eagle's ability to manage complex securities and calculate sophisticated performance analysis were key factors for selecting Eagle," said Mark Glassman, chief administration officer at Brandywine Global Investment Management. "Eagle's model encompasses full services and support as well as continued commitment to innovation through its rigorous release schedule. Eagle ACCESS will maintain the platform and provide additional assistance to help create operational efficiencies across our back office within a short deployment timeframe."
"Brandywine Global required a strategic solution that could offer the technology and software to streamline the management of its global and alternative investments, with the ability to be implemented quickly and provide immediate cost benefits," said John Lehner, president and chief executive officer of Eagle. "Eagle ACCESS provides the complete solution, delivering the functionality, expertise and future support that Brandywine Global requires."
Founded in 1986, Brandywine Global Investment Management, LLC, offers an array of fixed income, equity, and balanced portfolios that invest in U.S., international, and global markets. As of 12/31/2010 , Brandywine Global manages $32 billion in assets. The firm is a wholly owned, independently operated subsidiary of Legg Mason, Inc. (NYSE: LM), and is headquartered in Philadelphia with an office in San Francisco. Brandywine Global also operates two affiliated companies with offices in Singapore and London.
Eagle Investment Systems LLC, a subsidiary of BNY Mellon, provides global financial companies with technology and services for data management, investment accounting and performance measurement. Eagle's investment management suite is hosted via Eagle ACCESS(SM), the firm's ASP or installed locally. 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 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, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.
SOURCE Eagle Investment Systems LLC