Eagle wins Principal IBOR gig

BNY Mellon company Eagle Investment Systems has been picked by Principal Global Investors (PGI), the asset management arm of the Principal Financial Group, to provide a portfolio accounting solution hosted on Eagle ACCESS(SM), and to achieve an investment book of record (IBOR).

Said Brian Ness, chief information officer at Principal Global Investors: “Asset management is a data-intensive business. The Eagle IBOR solution fits well into our future state architecture and will support the complex multi-asset portfolios we manage on behalf of our global clients. Eagle’s collaboration with its parent company BNY Mellon was also a significant factor in our selection in part due to our longstanding relationship with BNY Mellon, but also because it gives us the confidence that we have a long-term technology vendor we can grow with over time.”

“Principal Global Investors selected Eagle ACCESS(SM) as its technology platform after an extensive competitive process,” said Mal Cullen, chief executive officer at Eagle. “Our flexible accounting solution enables PGI to support its multi-boutique, multi-regional model while delivering the agility and efficiency of a single centralised platform. It’s an endorsement of both the expertise and commitment of our team and the quality of our solutions. We have a long history of supporting asset managers with complex operating structures and look forward to working closely with PGI.”