Capital Group Now Live on Eagle's Accounting Platform
Eagle also went live with Invesco last year.
Capital Group, a subsidiary of Capital Group Companies, is using the system to process and facilitate their investment accounting and reporting needs.
"We have worked alongside and collaborated with Eagle for the past four years to implement a truly robust and agile solution and Eagle has met our expectations every step of the way," says Brian Bullard, senior vice president of investment operations at Capital Group. "We converted our entire retail fund book of business to the Eagle Accounting platform, so we needed a best-in-class provider that could take on a project of this scale and complexity. With Eagle's accounting solution in place, we have a powerful and flexible platform that supports growth into new markets and facilitates our ability to grow quickly, easily and at minimal cost."
By going live with Capital Group and, last year, Invesco, which has $809 billion under management, Eagle Accounting is now processing over $9 trillion of clients assets on its platform.
"More and more, investment firms globally are seeking to replace legacy platforms with variable cost technology solutions to help them comply with regulatory change, solve for their complex ABOR and IBOR needs, and support new instruments, products and geographic growth," says Mal Cullen, Eagle's CEO.
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