The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Eagle Moves Legrand to Singapore Office, Plans London Expansion

Share article

Following its establishment of an office in Singapore in October last year, data management solution vendor Eagle Investment Systems has decided to move its current Asian and EMEA managing director John Legrand from his London base out to the office in order to boost its competitive approach in the region. The US headquartered vendor subsidiary of Bank of New York Mellon Asset Servicing is keen to improve its visibility in the local Asian markets and Legrand will join Singapore-based sales and support focused execs Danny Lim and William Tan, both of whom joined from Thomson Reuters last year. In lieu of Legrand’s departure, the vendor will also be expanding its on the ground presence in London.

John Lehner, president and CEO of Eagle, explains the rationale behind the move: “John’s move to the Singapore office elevates Eagle’s presence in a part of the world where our business is growing more than any other region. Relocating one of the most senior managers of the Eagle team directly addresses client requests for local senior support and provides us with the ability to assess and concentrate on existing and future client needs more effectively.”

Legrand will retain his responsibility for the EMEA region and will be kicking off a recruitment drive for the London office in order to boost its competitive approach to Europe, the Middle East and Africa, as well as the Asian region.

The vendor already has a number of clients in the Asian region, but it is keen to grow its regional demographic aggressively over the next couple of years. Many other vendors have also adopted this strategy, as the US and European markets continue to prove challenging in the post-crisis environment. In 2008, Eagle added a couple of Asian-based firms to its client list with the signing of Nomura Asset Management in Tokyo and AMP Funds in Australia, which were the last two public Asian client wins for the vendor.

Eagle opted to base its Asian operations in Singapore because of its geographic location in the region and its business friendly environment, according to Lehner. He reckons the appetite for data management in the Asian region has increased significantly over the last few years. “Although most Asian institutions fared far better than other companies around the world during the financial crisis thanks to strong risk management processes, they continue to proactively mitigate unnecessary risk and evolve their operational infrastructures. As such, there is an enormous demand by these firms for enterprise data management solutions that provide visibility, operational efficiencies, and the ability to move quickly to be able to adjust to market changes. The days of just managing reference data have long past,” Lehner contends.

“The Asian markets are leading a technological revolution in their implementation of newer technologies by replacing them with web-based software and exploring new delivery methods such as hosting. At the same time, we are seeing an increased appetite for investment accounting and performance measurement solutions that remain current with regulatory changes, yet flexible enough to adapt to local needs,” adds Legrand.

The vendor has also been focusing on evolving its hybrid approach to the data solutions market over the last year or so and will likely be targeting Asian clients with software as a service (SaaS) or application service provider (ASP) models of deployment.

Related content

WEBINAR

Recorded Webinar: How to leverage the LIBOR transition to improve your data management game

The transition away from LIBOR (London Interbank Offered Rate) is well underway, but there remains considerable ambiguity around how the final stages will be executed – especially with regards to benchmark replacements in markets outside the UK. What are the options, where are the uncertainties and what stage have firms reached in their preparations? The...

BLOG

Xenomorph Moves from Product to Solution Sales, Drops TimeScape Brand But Not Technology

Xenomorph has regrouped and is chasing growth following the appointment of Neil Sheppard to lead the EMEA and APAC business, a reset to solution rather than product sales, and restructured funding. The company has been pretty low-profile in the market over the past few years, particularly since Brian Sentance stepped down from the role of...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual which took place in June 2020 was a huge success with over 1,100 delegates registered. We are currently working on our plans for 2021 and we hope to be back with an in-person event. Whatever the future holds you can guarantee our 2021 event will be back with an exceptional guest speaker line up of Regtech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment. Can't wait until 2021? make sure you sign up to our RegTech Summit Virtual, November 2020. More info...

GUIDE

The Reference Data Utility Handbook

The potential of a reference data utility model has been discussed for many years, and while early implementations failed to gain traction, the model has now come of age as financial institutions look for new data management models that can solve the challenges of operational cost reduction, improved data quality and regulatory compliance. The multi-tenanted...