Financial services technology provider Eagle Investment Systems LLC, a subsidiary of The Bank of New York Mellon, has confirmed Nomura Asset Management (NAM), has successfully deployed its data management solution.

This project represents the first stage of NAM's multi-phase plan to upgrade its global investment platform.

In the future, NAM plans to roll out the same platform to a number of its global offices to capitalise on the same operational and business benefits throughout its organization.

Leveraging a data-centric design, Eagle's data management solution helps asset managers create and maintain an enterprise data standard to ensure investment data quality and consistency. As a result, managers save time and money by eliminating duplicate sources of data, reducing bad trades and lessening the risk of making bad business decisions. The solution provides transparency into portfolios to view all assets and sub-assets, and enables managers to analyze complex strategies and investment vehicles. For all securities, Eagle provides the ability to report real-time data and provide a full history over time.

Koichi Goto, senior corporate managing director at NAM, said: "Data is a crucial element of our operations, and Eagle's platform helps us efficiently manage our data and provides our analysts with a clear and comprehensive view of our business. By leveraging Eagle's extensive experience in integrating multiple data sources and other back-office systems, we were able to deliver our initial phase on schedule."