Standard Bank Selects Eagle as Enterprise Technology Platform

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8 October 2014

Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that Standard Bank South Africa, will implement Eagle's accounting and enterprise data management solutions across its Private Clients business. The technology solutions will be hosted on Eagle ACCESSSM, Eagle's secure private cloud.  

Standard Bank Group's Private Clients business is a leading full-service wealth management firm with approximately $12 billion in assets under management worldwide.  The Private Clients business offers holistic financial solutions in the areas of wealth management, specialized lending, risk solutions, trust, fiduciary and transactional banking. To manage the expected growth within the Private Clients business, Standard Bank embarked on a search for a solution provider with proven experience in the international marketplace that could also meet the local South African investment requirements and regulations.

"We are always looking to create operational efficiencies and methods for cost-savings by leveraging the best providers and services available," said Penny Bibby, chief operating officer at Standard Bank Private Clients. "In our search for a technology solutions provider, Eagle stood out amongst both international and local system providers, and we were pleased to see how their enterprise-wide solution has already been proven successful with other premier clients in South Africa. Our adoption of Eagle's software and deployment on Eagle ACCESS SM will enable us to establish a firm-wide, state-of-the-art, secure technology solution that will help us to centralize our platform much more easily and efficiently."

"Our engagement with Standard Bank will allow us to demonstrate not only our expansive solution capabilities, but also to share both our global and local best practices and staff expertise," said John Legrand, Eagle managing director, EMEA and APAC. "We look forward to working closely with Standard Bank as an Eagle client and extending the strategic relationship the group already shares with BNY Mellon."

Eagle is enjoying strong traction within EMEA and the South African investment market. Standard Bank Private Clients joins Prescient as part of Eagle's client base in South Africa.

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