Eagle has landed for BNY Mellon
Big US institution Bank of New York Mellon has extended its presence in Australia with its financial services technology subsidiary, Eagle Investment Systems, establishing a presence in Sydney.
The company has announced that it has established a permanent presence in the region via the establishment of a new Asia Pacific office.
Commenting on the move, Eagle’s managing director of Asia Pacific Operations John Legrand said the company had seen elevated demand for its services in the region and believed that by establishing a permanent presence and local resources it would be able to increase its level of service and support to regional clients.
He said the company believed it was vital to establish and maintain a sustainable long-term presence in support of its plan to grow the business in the Asia Pacific region.
Legrand said that in addition to providing service and support to existing regional clients, Eagle’s Australian office would support the development of new sales channels and assist with client implementations.
Recommended for you
While the last several months have seen increased market volatility, particularly in the US, advisers said there are multiple reasons why there has been an increase in defensive asset flows.
Scarcity Partners believes the dynamics playing out in the managed account and outsourced chief investment officer market are “here to stay” based on positive developments in financial advice.
Former executive chairman of failed stockbroker BBY, Glenn Rosewall, has been charged with aiding, abetting, counselling or procuring BBY’s dishonest conduct in relation to a financial service.
Fidelity International research has revealed Australian investors are significantly more optimistic about the market outlook and feeling more comfortable than their APAC peers, despite ongoing market volatility.