09.28.2016

Desjardins Group Selects Eagle to Replace Legacy Fund Accounting Platform

Eagle Investment – BOSTON –Eagle Investment Systems LLC, a BNY Mellon company and leading provider of financial services technology, has been selected by Desjardins Group, the leading Canadian cooperative financial group, to deliver a new investment fund accounting platform hosted on Eagle’s secure private cloud, Eagle ACCESSSM.

Desjardins decided to replace its legacy mutual fund accounting platform with a modern system to support several new initiatives and facilitate both top- and bottom-line growth.

“The increasing number of asset types and assets under management was making it more challenging and time consuming to produce net asset values (NAVs),” said Pauline Toulouse, Vice President and Chief Operating Officer, Investment Product Operations Division at Desjardins Group. “We are looking forward to leveraging the Eagle fund accounting platform, which we are confident will play a central role as we continue to efficiently grow our business and deliver excellent service to our investors for years to come.”

“We are delighted that Eagle has been selected as Desjardins’ fund accounting platform following a competitive selection process,” said Mal Cullen, Chief Executive Officer at Eagle. “Investment managers are increasingly struggling to manage their workflows, which has led many to introduce manual processes and workarounds as their legacy systems strain to keep up with the volume and breadth of demands being placed on them. Our solutions will ease that burden for Desjardins.”

 

Related articles

  1. Snowflake’s Financial Services Data Cloud helps data flow more seamlessly across industry transactions.

  2. Artificial intelligence and machine learning, powered by cloud, is moving into mainstream use. 

  3. Exchange group aims to support new markets for digital assets, cryptocurrencies and NFTs.

  4. The regulated blockchain infrastructure platform announced the sixth broker-dealer to join.

  5. Buy side wants more efficient workflows and access to data.