BIMCOR Deploys Eagle Platform to Deliver Daily Performance Results
May 21 2007 - 8:50AM
PR Newswire (US)
BOSTON, May 21 /PRNewswire/ -- Eagle Investment Systems LLC, a
Mellon Financial Company(SM), announced today that BIMCOR, manager
of the Bell Canada Enterprises' pension fund, with approximately
$13 billion under management and administration, is live on Eagle's
data management and performance measurement solutions. BIMCOR
deployed the Eagle solution as part of an initiative to improve
data quality, generate daily performance and attribution, and
retire legacy applications. The Eagle solution consolidates
BIMCOR's investment data into a single data hub, helping BIMCOR to
ensure they have accurate and consistent data to support their
investment process and feed downstream systems. BIMCOR leverages
the Eagle Portal, a Web-based information delivery tool, to
distribute investment and performance reports to its users. "Our
goals were to improve our reporting and data distribution
capabilities, to generate daily performance for all asset classes
and to calculate daily attribution across all of our equity asset
classes. The Eagle solution allowed us to use one central
repository for all our data and to retire systems with disparate
databases," said Brian Kouri, vice president, finance and
administration of BIMCOR. "The partnership approach of the Eagle
professional services team helped us to successfully deploy the
Eagle solution in a timely manner, which enabled us to generate our
2006 year-end performance results with the Eagle platform." "We are
pleased to have worked with BIMCOR and to have brought them live.
By adopting Eagle's data-centric approach, BIMCOR has improved
their data quality and availability," said John Lehner, Eagle
president. "We continue to see tremendous growth in the Canadian
market and BIMCOR joins Eagle's growing list of Canadian clients
such as Alberta Revenue, Natcan, Ontario Public Service Employees
Union and TD Securities." About BIMCOR Inc. BIMCOR Inc. is a
pension fund investment manager and a wholly owned subsidiary of
BCE Inc. In business since 1983 and currently managing
approximately $13 billion in pension fund assets, BIMCOR is one of
the leading private-sector players in Canada. Substantially all of
its existing clients are within the BCE Group of companies. About
Eagle Investment Systems LLC Eagle Investment Systems LLC, a Mellon
Financial Company(SM), is a global provider of financial services
technology, serving the world's leading financial institutions.
Eagle's Web-based systems support the complex requirements of firms
of any size including institutional investment management firms,
mutual funds, hedge funds, brokers, public funds, plan sponsors,
and insurance companies. Eagle is committed to providing
enterprise- wide, leading-edge technology and professional services
for investment accounting, data management, and performance
measurement. Eagle's product suite is offered as an installed
application or can be hosted via Eagle ACCESS, Eagle's application
service provider. To learn more about Eagle's solutions, contact
1.800.810.3819 or or visit http://www.eagleinvsys.com/. About
Mellon Financial Corporation Mellon Financial Corporation is a
global financial services company. Headquartered in Pittsburgh,
Mellon is one of the world's leading providers of financial
services for institutions, corporations and high net worth
individuals, providing asset management, wealth management, asset
servicing, issuer services and treasury services. Mellon has
approximately $5.8 trillion in assets under management,
administration or custody, including $1.034 trillion under
management. News and other information about Mellon is available at
http://www.mellon.com/. DATASOURCE: Eagle Investment Systems LLC
CONTACT: Emily Duggan, of Eagle Investment Systems LLC,
+1-617-219-0196, Web site: http://www.eagleinvsys.com/
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