Great Eastern Life (Singapore) has selected an enterprise data management system from BNY Mellon subsidiary Eagle Investment Systems, which is based in Newton, Mass. but has an office in Singapore.
The Eagle platform helps investment managers obtain an aggregated view of their portfolios to help understand risk and exposure to various funds, the company says in a statement. This helps meet the carriers' goals to streamline its operations, respond to regulatory requirements and mitigate risk.
"As an organization with over $50 billion in assets under management at the Group level and experiencing fast growth in the markets we operate in, Great Eastern was looking to build an integrated system that is capable of aggregating data across all asset classes, markets and currencies to help facilitate quick decision making. This was something that became extremely important after the global financial crisis. I am confident that with the Eagle data management system, we will have single consistent views of all our investments and risks across the Group," Tony Cheong Jin Keat, group CFO for Great Eastern, says in a statement.
Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio