Singapore
15 February 2017
Reporter: Stephanie Palmer

Eagle wins new business in Singapore


Singapore-based insurer NTUC Income has selected Eagle Investment Systems to provide data management, investment accounting and performance measurement systems.

The Eagle Investment Systems cloud-based system will replace legacy technology, allowing Income to accommodate new asset classes as it diversifies its business.

It will also provide an investment book of record, to help with investment decision-making.

Income provides insurance products to 2 million customers and, as of the end of 2015, had $32.4 billion Singapore dollars ($22.8 billion) in assets under management.

Andrew Clay, investment COO at Income, said: “We were looking into a technology platform that will support us well into the future, especially one that provides us the flexibility to accommodate new asset classes as we diversify our business.”

John Legrand, managing director for Eagle in Europe, the Middle East and Africa, and the Asia Pacific (APAC) region, said: “We are receiving a lot of interest from insurance companies looking to introduce new portfolio management systems to adequately support their evolving business needs.”

“Singapore has long been a key target market for us and we have experienced significant growth since we first opened our office here in 2009. We are therefore delighted to welcome NTUC Income to our growing client base in APAC.”

More data services news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Vela launches new data hub
15 November 2017 | London | Reporter: Jenna Lomax
The new data hub will provide clients with access to multiple systematic internaliser liquidity price feeds through a single application programming interface
Opus partners with Fenergo on KYC
10 November 2017 | New York | Reporter: Jenna Lomax
The two firms will offer integration of risk relevant data into know-your-customer processes
BNP Paribas partners with Janus Henderson
09 November 2017 | Denver | Reporter: Jenna Lomax
This partnership is intended to provide a global platform to support to Janus Henderson’s regulatory and industry issues in order to help the firm grow internationally
SmartStream upgrades TLM solutions platform
16 October 2017 | London | Reporter: Theo Andrew
A new feature, TLM View allows customers to access to real-time and historic data in the reconciliation repository in order to identify trends on one single, customisable interface
Scorpeo reveals new TCA application
12 October 2017 | London | Reporter: Barney Dixon
Scorpeo has launched its new TCA application that will help investment managers identify missed value in their portfolios
Swift releases data validation service
05 October 2017 | Barcelona | Reporter: Jenna Lomax
The service assesses the quality of the bank reference data stored in a corporate’s database, which is typically used to facilitate payments
US equity data made more accessible to UK firms
23 August 2017 | London | Reporter: Stephanie Palmer
Nasdaq is to offer market data on proprietary US equity feeds via the Equinox London International Business Exchange data centre, LD4
More data services news