Standard Bank South Africa is implementing Eagle Investment Systems’ accounting and enterprise data management solutions for its private clients business.
The technology, which will be hosted on Eagle’s private cloud, ACCESS SM, aims to manage expected growth of the private clients business in the international market space and to incorporate local investment requirements and regulations in South Africa.
Standard Bank’s private clients business is a full-service wealth management firm and has an estimated $12 billion in assets under management.
Penny Bibby, COO at Standard Bank private clients, said: “We are always looking to create operational efficiencies and methods for cost-savings by leveraging the best providers and services available.”
"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."
John Legrand, Eagle managing director for Europe, Middle East and Africa and Asia Pacific, said: “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 practises and staff expertise.”
"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."
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