Improved data management remains a priority for investment managers as the financial services industry is focused on risk management, improved automation and adherence to industry regulation.
Mellon Capital will continue its back office upgrade by moving its data into the Eagle data hub, a centralized data repository for investment data. The data hub will centrally manage, qualify and enhance Mellon Capitalâs data, which will then be fed to various middle- and back-office systems. Mellon Capital also selected Eagle to enhance its reporting through the use of the Eagle Data Mart, which enables users to report on information from Eagle applications and generate information for access using third-party report and query tools.
âFollowing our success in deploying Eagleâs performance measurement system, we expect significant improvements around data workflow and improved flexibility using the Data Mart,â says Linda Lillard, Mellon Capitalâs deputy chief operating officer. âThese and other factors make Eagle the right choice for the next phase in our investment management systems enhancements.â
âWe look forward to assisting Mellon Capital with the next step in updating its investment management architecture,â said John Lehner, Eagleâs president and chief executive officer. âOur integrated data management and performance measurement capabilities will help further enhance Mellon Capital's accurate and timely management of performance data.â
Founded in 1983 by innovators in the investment management field, Mellon Capital Management Corporation applies a disciplined and analytical approach to global investment management strategies. As of March 31, 2010, the firm had $170.6 billion in assets under management, including assets managed by dual officers of Mellon Capital Management Corporation, The Bank of New York Mellon and The Dreyfus Corporation, and $9.1 billion in overlay strategies.