Eagle Asset Management Deploys Simcorp Dimension

Eagle now uses the SimCorp solution for investment accounting, performance measurement, client reporting and compliance.

The the St. Petersburg, Fla.-based asset management firm has gone live with SimCorp Dimension, the automated processes and workflows solution.

According to a press statement, Eagle selected SimCorp Dimension for the ability to consolidate data from disparate sources and investment workflows on a single platform. Having an integrated platform with front-to-back office capabilities that taps into a single repository of high-quality position data across all asset classes allows Eagle to consolidate previous discrete platforms, streamline investment workflows, strengthen compliance checks and provide more client reporting options.

Eagles head of investments Cooper Abbott said, Eagle is committed to meeting the complex needs of our sophisticated clients. This platform provides flexibility and capacity to adapt as their needs expand and evolve.

Increased regulation, client demand for transparency, real-time reporting and the ability to support and take advantage of new growth opportunities helped guide us to this solution, said Steven Ballard, vice president of IT at Eagle Asset Management. We are excited to have a solution in place that is both fit-for-purpose and fit-for-future and that will drive enterprise-wide success for our business.

Founded in 1976, Eagle and its affiliates manage $30 billion in assets for institutional and individual investors.