NAB deploys new analytics system 06 May 2014Melbourne Reporter: Stephen Durham
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National Australia Bank’s (NAB) asset servicing business has deployed a new investment performance and risk analytic system from Eagle Investment Systems, a subsidiary of BNY Mellon, to help clients manage their investments.
By adopting Eagle Performance as its single platform, NAB hopes to reduce the risk and costs associated with managing multiple performance measurement systems as well as manual processes.
It also distinguishes NAB’s middle office from other global custodians that provide middle office via their legacy custody/administration platforms.
Christine Bartlett, executive general manager of NAB’s asset servicing business, commented: “We can now provide our clients with custom calculations and the level of detail necessary today to make the most informed investment decisions. This is just one benefit of our longstanding partnership with BNY Mellon.”
John Legrand, managing director and head of Asia-Pacific and Europe, Middle East and Africa at Eagle Performance, said: “The business need for real-time data and the ability to create custom calculations continues to drive investment managers to implement new performance measurement solutions.”
“Hindering these requirements are manual processes and older legacy systems that cannot offer the level of detail and the different views of performance calculations without adding unwanted complexity and risk.”
“Accordingly, many financial institutions turn to providers, like Eagle, to provide integrated solutions with the most up-to-date functionality and adherence to regulation to help manage their risk, streamline their operations and help service its clients,” added Legrand.
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