Leading Pension Plan Streamlines Internal Processes
BOSTON, March 22 /PRNewswire-FirstCall/ — Eagle Investment Systems Corp. today announced the State of Wisconsin Investment Board (SWIB) has chosen Eagle’s investment management solutions to help manage its $65 billion Wisconsin Retirement System Trust Funds, one of the largest pension plans in North America. SWIB selected Eagle’s solutions to facilitate its internal initiatives for streamlining its data management processes.
Supporting its goals to improve the management of data and investment reporting, SWIB chose to implement Eagle PACE(TM), a data hub and portfolio management system, Eagle Performance, an investment performance measurement suite; Eagle Reference Manager, a security reference data management, validation, and workflow system; and Eagle Portal, a Web-based information delivery platform. SWIB is a long-standing Mellon Financial Corporation custody client.
“We chose Eagle’s solutions because they will help us establish a readily accessible common data source,” said Ken Johnson, SWIB chief operating officer. “Eagle’s solutions will help reduce time spent reconciling data, improve portfolio analytics, and expedite the production and distribution of reports.”
“We are delighted to work with SWIB and provide them with the technology to establish a data standard within its organization,” said David Palten, Eagle president and chief executive officer. “We continue to see more and more public organizations migrate to a data-centric approach, which helps to simplify their internal data management process.”
SWIB joins the growing list of public fund, plan sponsor, and endowment clients that have chosen Eagle’s solutions to manage pension plan assets. Other clients include Oregon State Treasury, Ontario Public Service Employees’ Union Pension Trust, and Pennsylvania State Employees’ Retirement System. Eagle’s solutions help to empower public funds, plan sponsors and endowments by giving them ownership of their investment data and providing them with the latest functionality in portfolio management including performance measurement, investment accounting, data management, and drill-down reporting and analysis.
SWIB invests the $65 billion Wisconsin Retirement System Trust Funds, the 9th largest public pension fund in the United States and the 23rd largest pension fund in the world, for more than 503,000 current and former public employees. Total assets under management by SWIB are $71 billion. It is directed by an independent Board of Trustees and staffed with professional money managers and support personnel. More information about SWIB is available at www.swib.state.wi.us .
About Eagle Investment Systems
Eagle, a Mellon Financial Company(SM) (NYSE:MEL), is a global provider of financial services technology. Eagle’s Web-based systems automate internal systems to support STP requirements of money managers, mutual funds, hedge funds, brokers, plan sponsors, banks, corporate trusts, and insurance companies. Eagle provides solutions for portfolio management, investment accounting, performance measurement, attribution, AIMR/GIPS compliance, reporting, messaging, reference data management, and outsourcing. To learn more about Eagle’s solutions, contact us at 1.800.810.3819 or [email protected] or visit 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 institutional asset management, mutual funds, private wealth management, asset servicing, human resources and investor solutions, and treasury services. Mellon has approximately $3.5 trillion in assets under management, administration or custody, including $657 billion under management. Its asset management companies include The Dreyfus Corporation and U.K.-based Newton Investment Management Limited. News and other information about Mellon is available at www.mellon.com .
Source: Eagle Investment Systems Corporation
CONTACT: Laura Norwood, +1-617-219-0198, or fax, +1-617-558-1544, or
[email protected], or Kendra Lombardo, +1-617-219-0448, or fax,
+1-617-558-1544, or [email protected], both of Eagle Investment
Web site: http://www.eagleinvsys.com/