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Eaton Vance Signs Up With BNY Mellon Tech Unit

Tom Burroughes

6 June 2008

Eagle Investment Systems, a subsidiary ofBank of New York Mellon and a financial technology business, has signed a deal for its services to be used by US investment firm Eaton Vance.

Eaton Vance selected Eagle’s data management solution to improve operational efficiency and data quality. Eagle’s solution helped Eaton Vance consolidate its view of assets from multiple custodians, centralise its security reference data, and distribute the data to other middle- and back-office systems.

Eaton Vance, a listed company, is based in Boston and oversaw $150.9 billion of assets for individual and institutional clients as at 31 March this year.