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Eagle's IBOR Solution Selected by Great EasternSINGAPORE, Jan. 23, 2019 /PRNewswire/ -- Eagle Investment Systems LLC, a BNY Mellon company, today announced that Great Eastern has selected Eagle ACCESSSM, Eagle's secure private cloud, as well as the Eagle Investment Book of Record (IBOR) solution. Building on its relationship with BNY Mellon Asset Servicing, Great Eastern will move its current Data Management solution to Eagle ACCESSSM and create an IBOR to help enhance its investment decision-making capabilities. Great Eastern, with S$85.4 billion in assets, is one of the leading insurance companies in Asia, offering a holistic suite of life and general insurance solutions to over 4 million policyholders. Great Eastern is one of Eagle's longest-standing clients in Asia, having used its data management solution on premise since 2010. "Moving onto Eagle's hosted solution will further enhance our investment decision-making capabilities and give us the added edge to support our future growth," shared Ronnie Tan, Group Chief Financial Officer of Great Eastern. "We are seeing more and more firms across Asia move onto the cloud, as central banks become more comfortable with the technology," said David Ingleson, Head of APAC, Eagle Investment Systems. "We're also seeing a greater number of financial institutions in the region developing IBORs to achieve an accurate and consolidated view of their assets, risks and exposures; which helps them manage their investments more effectively. We are pleased to be able to further develop our relationship with Great Eastern as we support their future data management and IBOR needs." Great Eastern It was named Life Insurance Company of the Year at the Asia Insurance Industry Awards in 2011 and 2013 by Asia Insurance Review. The Great Eastern Life Assurance Company Limited and Great Eastern General Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by Standard and Poor's since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the largest private sector asset management companies in Southeast Asia. Great Eastern is a subsidiary of OCBC Bank, the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore and the Asia Pacific by The Asian Banker. OCBC Bank's key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 600 branches and representative offices in 18 countries and regions. These include over 330 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and more than 100 branches and offices in Hong Kong, mainland China and Macao under OCBC Wing Hang. Eagle Investment Systems BNY MELLON Contact: SOURCE Eagle Investment Systems LLC |