Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

28954

Newton adopts Eagle’s accounting solution

RELATED TOPICS​

Newton Investment Management (Newton) has selected Eagle Investment Systems’ Eagle Accounting solution to replace its legacy investment accounting platform.

Newton, a London-based global investment management subsidiary of BNY Mellon, provides investment products and services to a broad range of clients, including retail and institutional investors, with assets under management of EUR50.8 billion (USD67.1 billion) as at 30 June 2018. Newton is Eagle’s longest standing UK-based client, having utilised Eagle’s enterprise data management capabilities since 2001.
 
Earlier this year Newton completed its migration onto Eagle ACCESSSM, Eagle’s secure private cloud to support its business growth and improve agility.
 
Eagle Accounting was selected for its ability to meet Newton’s evolving business requirements and to perform specific accounting functions not supported by its legacy accounting technology, including enhanced derivatives coverage as well as providing a 360-degree view of positions and related underlying activity. The new platform will be deployed over Eagle ACCESSSM.
 
“We are excited about extending our use of Eagle to enhance our investment accounting capabilities,” says John Snow (pictured), Chief Technology Officer for Newton. “The Eagle team took the time to understand our complex business requirements and help us understand how we would use the platform on a day-to-day basis to support our needs. We look forward to using Eagle Accounting as we continue to evolve and grow our assets under management.”
 
“Newton’s selection of Eagle Accounting, following an extensive evaluation process, is testament to the quality of our investment accounting capabilities as well as that of our team,” says Mal Cullen, CEO for Eagle. “Key to our selection was our ability to demonstrate continued investment in the platform and a wider technology strategy that satisfied Newton’s key business requirement for a solution that will support their business needs now and well into the future.”

Latest News

Data provider Preqin has published its Deal Flow Monitor: Q1 2024 report, examining trends in..
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according..
Octopus Investments (Octopus) has announced it has launched a Natural Capital Strategy...

Related Articles

Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by