BNY Mellon to support VFMC’s data transformation 18 December 2019Melbourne Reporter: Maddie Saghir
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Victorian Funds Management Corporation’s (VFMC) has selected BNY Mellon’s Eagle Data Management product to underpin its comprehensive data and IT transformation strategy.
Eagle Data Management hosts a secure private cloud and managed service agreement to integrate, clean, enrich and validate multiple sources of investment data into one centralised location.
BNY Mellon explained that this will help the technology environment for VFMC on a going-forward basis.
Rohan Singh, Asia Pacific head of asset servicing at BNY Mellon, said: “For investment managers like VFMC to thrive in today’s environment, it requires comprehensive technology solutions that allow investment professionals to focus on their core business, and not be weighed down by legacy systems.”
“We’re proud to welcome VFMC and build on our established team in Sydney by expanding our presence in Melbourne to support VFMC and continued growth in Australia and Victoria.”
VFMC’s CEO, Lisa Gray, commented: “It was essential for us to find a strategic partner who could enable and support an uplift in our investment decision making and insights.”
Gray added: “We wanted to centralise and enrich our data, uplift exposure intelligence and enhanced analytics, facilitate stronger governance and deliver enhanced reporting.”
VFMC manages assets over $65 billion and delivers investment and funds-management services to 29 Victorian public authorities and related organisations.
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