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

A-Team Insight Blogs

Invesco Builds Out Eagle Performance and Data Management Solutions

Invesco has completed the second implementation phase of Eagle Investment Systems’ performance measurement solution covering its retail and institutional business in the UK and continental Europe. The performance measurement system is complemented by Eagle’s Pace data management platform, which is being used to improve internal reporting across performance, holdings, transactions and risk metrics. The data platform is also used to support Invesco’s DeskNet-based client communications platform and deliver automated client reporting in multiple languages.

The investment manager is using the Eagle performance measurement solution to consolidate its global portfolio management operations with a view to reducing operational risk, increasing efficiency and gaining an enterprise view of the business. A first phase in North America is already complete and a third will follow next year across the firm’s Asia Pacific operations.

According to Fabian Gomez, senior director at Invesco, “At the end of 2008 we reviewed our global performance platforms. Invesco is an amalgamation of several investment centres, so we had a multitude of systems. In 2009, we decided to create one performance measurement business organisation. We selected Eagle to provide a global performance measurement platform and retired vendor systems from StatPro and the legacy Performance platform from Portia, as well as a few proprietary systems.

“We started in North America with a global data architecture project covering data architecture, governance and delivery. This included the implementation of the Eagle solutions. In late 2011, we retired existing StatPro performance systems in Europe and implemented the Eagle performance measurement software.”

Describing the benefits of the Eagle solution, Gomez adds: “Historically, we had a lot of inefficient processes that were prone to error. By formalising the data structure and consolidating data we have reduced operational risk. With all our North American and European institutional and retail funds now covered by the Eagle performance measurement solution, we can also give our performance team an holistic view of products on a global scale and facilitate client reporting from one platform rather than many disparate systems. ”

Invesco worked with Eagle, a subsidiary of BNY Mellon, and consultancy Citisoft on the implementation, which integrates the performance and Pace data management platforms with a Charles River front-office solution, Cadis (now Markit EDM) single security master, portfolio accounting systems and third-party administrators.

The company plans to leverage the existing production instances of the Eagle platform in Asia Pacific next year. It will also kick off a business intelligence initiative based on Oracle Business Intelligence Enterprise software – Invesco is an Oracle database user – that will allow executives to analyse centrally stored global data.

Related content

WEBINAR

Recorded Webinar: How to Track Data Lineage for Enterprise Data Management

This webinar has passed, but you can view the recording by registering here. Data lineage, the ability to track the source and lifecycle of your reference data, is becoming increasingly important as regulations call for greater transparency and risk managers require confidence in the data feeding their models. What regulations are driving the need for...

BLOG

A-Team Group Names Winners of Data Management Insight Awards 2020

A-Team Group has announced the winners of its prestigious Data Management Insight Awards 2020. The annual awards, now in their eighth year, recognise leading providers of data management solutions, services and consultancy to capital markets participants. The award winners were announced online across categories ranging from best sell-side and buy-side data management platforms to best...

EVENT

Data Management Summit London

The Data Management Summit Virtual explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.

GUIDE

Risk & Compliance

The current financial climate has meant that risk management and compliance requirements are never far from the minds of the boards of financial institutions. In order to meet the slew of regulations on the horizon, firms are being compelled to invest in their systems in order to cope with the new requirements. Data management is...