Published On: Sun, Aug 15th, 2010

Senior Eagle Executive Relocates to Singapore to Lead Growth Strategy

Eagle Investment Systems LLC, a leading provider of financial services technology and subsidiary of BNY Mellon, today announced that John Legrand, managing director of Eagle’s Asia-Pacific and European, Middle East and Africa (EMEA) operations has moved to Singapore to manage the company’s first office in Asia.

Eagle has worked with Asian clients for more than eight years and established an office in Singapore in 2009 in response to recent business opportunity growth across Asia-Pacific. Legrand is relocating from Eagle’s London office and continues to hold responsibility for both EMEA as well as Asia-Pacific. Following his relocation, Eagle will be expanding its London team to reflect continued business demand from EMEA-based companies.

Legrand’s move to Singapore is part of Eagle’s strategy to address a steadily growing demand for Eagle’s solutions for data management, investment accounting and performance measurement and attribution. “Although most Asian institutions fared far better than other companies around the world during the financial crisis thanks to strong risk management processes, they continue to proactively mitigate unnecessary risk and evolve their operational infrastructures,” said Eagle’s Legrand. “As such, there is an enormous demand by these firms for enterprise data management solutions that provide visibility, operational efficiencies, and the ability to move quickly to be able to adjust to market changes. The days of just managing reference data have long past.”

Eagle expects additional investment and expansion in the region in the near future. “The Asian markets are leading a technological revolution in their implementation of newer technologies by replacing them with web-based software and exploring new delivery methods such as hosting. At the same time, we are seeing an increased appetite for investment accounting and performance measurement solutions that remain current with regulatory changes, yet flexible enough to adapt to local needs,” added Legrand.

John Lehner, Eagle’s president and CEO, said: “John’s move to the Singapore office elevates Eagle’s presence in a part of the world where our business is growing more than any other region. Relocating one of the most senior managers of the Eagle team directly addresses client requests for local senior support and provides us with the ability to assess and concentrate on existing and future client needs more effectively.”

The local entity name of Eagle’s Singapore office is Eagle Investment Systems Singapore Pte. Ltd.

Eagle Investment Systems LLC, a subsidiary of BNY Mellon Asset Servicing, is a global provider of financial services technology. Eagle provides leading-edge technology and services for data management, investment accounting and performance measurement. Eagle’s product suite is offered as an installed application or can be hosted via Eagle ACCESSSM, Eagle’s ASP offering. Additional information is available at www.eagleinvsys.com.

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.4 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Additional information is available at www.bnymellon.com.

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