Eagle Investment Systems, a provider of financial services technology and a subsidiary of BNY Mellon, today announced that Great Eastern Life, Singapore’s leading life insurance group, has selected Eagle’s enterprise data management solution to consolidate and aggregate its investment data to help streamline its operations and respond to regulatory requirements.
Data management remains a priority for Asian financial institutions seeking to further mitigate risk, enhance efficiencies within their operations and comply with strict regulatory reporting requirements. By implementing a centralised data management strategy, investment managers can obtain an aggregated view of their portfolios to help understand risk and exposure to various funds.
After Great Eastern’s extensive search for a new platform, Eagle was selected based on its implementation track record and extensive history of delivering data management solutions to investment managers worldwide.
“As an organisation with over US$50 billion in assets under management at the Group level and experiencing fast growth in the markets we operate in, Great Eastern was looking to build an integrated system that is capable of aggregating data across all asset classes, markets and currencies to help facilitate quick decision making. This was something that became extremely important after the global financial crisis. I am confident that with the Eagle data management system, we will have single consistent views of all our investments and risks across the Group” said Tony Cheong Jin Keat, group chief financial officer of Great Eastern.
John Legrand, managing director of Eagle’s Asia-Pacific and EMEA operations said, “Throughout the region, we continue to see companies like Great Eastern with long-term and strategic goals of mitigating risk while at the same time improving operational efficiencies. Increasingly, financial organisations across Asia Pacific are implementing data management solutions and rolling out data governance strategies to help achieve these objectives.”