Waters Rankings 2019: Best EDM System Provider: Eagle Investment Systems

For the second time in four years, it’s Eagle Investment Systems winning the best enterprise data management (EDM) system provider category. S&P Global won in 2018 and IHS Markit won in 2017.

The investment management space is constantly changing and increasingly complex. As such, banks and asset managers are looking for scale; they need a diverse set of solutions to better handle their data and analytics needs. This has led end-users to move away from region- and product-specific best-of-breed tools and toward “best-of-suite” solutions that can support a company’s global operations, says Mal Cullen, CEO of Eagle Investment Systems.

“Efficiency gains come from examples like a single data repository, a single global security master or an investment book of record that follows the sun, all underpinned by a global data strategy,” he says. “Investment management firms must adapt to stay relevant, and in taking these steps, the internal data function is tilting from production to analysis and analytics. Firms must also integrate vast new datasets with examples like alternative data and environmental, social and governance (ESG) data analytics. An EDM offering, like the BNY Mellon Eagle solution, helps firms to create a data foundation to support the organization.”

To answer for these needs, the company is turning to the cloud. Specifically, Eagle and BNY Mellon are working to develop a public cloud offering (it also has a private-cloud offering, called Eagle Access). Eagle has a client using the solution and is in the process of developing new solutions based off of that cloud infrastructure, Cullen says. It is also adding new resources to its Eagle Managed Services offering; it is growing its data offering, such as for ESG and sanctions data; and will build out new services offered through the Eagle Reference Data Center and Eagle Portfolio Data Center.