Eagle’s Riley to Retire at End of Year

Eagle Investment Systems’ chief executive, Jack Riley, will retire at the end of the year, 13 years after co-founding the company. David Palten, another co-founder and currently president of Eagle, will assume the additional role of CEO, reporting to Jim Palermo, vice chairman of Mellon Financial Corp. and president of Mellon Global Securities Services. Riley has spent more than 30 years in the financial technology marketplace, with stints at Eagle and Mellon, as well as with Aetna Life & Casualty, Andersen Consulting and National Westminster Bank in New York.