Eagle Investment Systems LLC, a BNY Mellon company, has been selected by AIA Group in regards with AIA’s establishment of an Investment Book of Record (IBOR) and consolidation of the firm’s investment management data sources onto one platform. AIA will implement Eagle’s data management platform, inclusive of managed services, which will be deployed over Eagle ACCESS, a secure private cloud.
Hong Kong headquartered AIA is the largest independent publicly listed pan-Asian life insurance group with a presence in 18 markets across the Asia-Pacific region.
Mark Konyn, AIA Group Chief Investment Officer, said, “With the new platform we can improve operational efficiency and ensure greater data integrity as we scale our operations and deepen our front office analytics.”
“This is another milestone for Eagle in the region, AIA represents our first client in Hong Kong, joining a growing number of Asia-based firms using the Eagle platform,” said John Legrand, Managing Director for Eagle in EMEA and APAC. “We are seeing a growing demand for IBOR solutions as global investment firms seek to replace legacy platforms to manage investment risk, improve decision-making and ensure consistency in reporting. The flexibility of our solutions and our ability to scale to support growth, coupled with services delivered alongside our parent company BNY Mellon, ensures that we are well positioned to support our clients’ needs.”
The new architecture will provide AIA with a single consistent view of performance analytics, investment risk and compliance monitoring. The solution will also support the availability of consistent data for investment analysis and reporting.
Of the ten most recent new clients choosing the Eagle solution, eight of them relate to a need to support IBOR; with 25% from the APAC region.