BOSTON, April 3, 2012 – Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that Intact Investment Management has implemented Eagle’s investment accounting solution. This announcement builds on the existing collaboration which began in 2007 with the adoption of Eagle’s data management and performance measurement solutions which are hosted by Eagle ACCESS(SM).
“Our ongoing relationship with Eagle endorses the value and confidence that we place in their advanced technology solutions,” said Alain Fortin, vice president and chief operating officer of Intact Investment Management. “By leveraging Eagle’s accounting solution, we will improve our operational efficiency, streamline our reporting processes and reduce our costs. These benefits will result in easier and faster interpretation of financial information that helps us in our decision-making and in continuing to deliver solid investment returns for our investors.”
“This new effort will advance our relationship with Intact Investment Management,” said Mal Cullen, Eagle’s head of Canadian Operations and Eagle ACCESS(SM). “These past five years have been a positive experience and we look forward to supporting their future needs and delivering the high-quality service that they have come to expect from us.”
Intact Investment Management Inc. (“IIM”) specializes in active management of stocks and fixed-income securities. The firm employs a research team of approximately 50 professionals in its Montreal and Saint-Hyacinthe offices. IIM manages invested assets of $11.8 billion on behalf of Intact Financial Corporation.
Intact Investment Management Inc. is a wholly-owned subsidiary of Intact Financial Corporation (TSX: IFC). www.intactfc.com
Eagle Investment Systems is committed to helping financial institutions worldwide grow assets efficiently with its innovative portfolio management suite of data management, investment accounting and performance measurement solutions that are delivered over its secure private cloud, Eagle ACCESS(SM). Since 1989, Eagle has deployed trusted solutions and services that create operational efficiencies and help reduce complexity and risk. Eagle Investment Systems LLC is a subsidiary of BNY Mellon. 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 Asset Servicing provides services through BNY Mellon and other related companies.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com or follow us on Twitter @BNYMellon.
About Intact Financial Corporation
Intact Financial Corporation (www.intactfc.com) is the largest provider of property and casualty insurance in Canada. Intact offers home, auto and business insurance through Intact Insurance, Novex Group Insurance, belairdirect, GP Car and Home and BrokerLink.