Eagle Investment Systems’ chairman Lou Maiuri has added another role to his CV in the form of head of US financial institutions for the vendor’s owner BNY Mellon Asset Servicing’s new Global Financial Institutions (GFI) group. In this new role, which adds to his global head of outsourcing responsibilities for BNY Mellon Asset Servicing, Maiuri will oversee the firm’s interactions with investment managers, insurance companies and banks in the US.
The GFI group has been established to boost the firm’s customer facing activities across the banking, mutual fund and insurance sectors in light of the recent acquisition of the PNC Global Investment Servicing business. The new GFI group will be led by Nadine Chakar, formerly head of Europe, Middle East and Africa (EMEA) Asset Servicing, who will continue to report to Jim Palermo and Tim Keaney, co-CEO’s of BNY Mellon Asset Servicing.
Maiuri passed the CEO baton for Eagle Investment Systems over to current incumbent John Lehner at the end of last year, as he took on a wider role across the vendor’s parent company in the outsourcing space. This new role widens his remit further still and, given the close ties that remain between parent and subsidiary, should give him valuable commercial insight into the requirements of Eagle’s potential client base in the more competitive post-crisis environment.
As noted by Danielle Newland, product manager of data management solutions at Eagle Investment Systems, earlier this year, the vendor’s pipeline is swaying towards the outsourcing and application service provider (ASP) side of the business. “The development experience we have in servicing the data management needs of our parent bank also gives us valuable insight into the requirements of our outsourcing clients,” she told Reference Data Review back in March.
Prior to rejoining Eagle in 2006, Maiuri was a senior vice president at Fidelity where he was responsible for the FMRCO Equity Investment Management Technology Division and the Strategic Advisor’s Investment Management Technology Division. Prior to that, he held executive leadership positions at Eagle and was instrumental in driving the early development of Eagle’s technology platform.
In addition, Maiuri has held senior investment technology positions at State Street Bank and Computer Partners. He has extensive experience overseeing the development of software products and tools for portfolio managers and traders and has managed several large scale development projects for investment advisors, banks and insurance companies.
