U.K. pension administrator RPMI Railpen, which manages the assets of the Railways Pension Scheme (RPS), has gone live with the enterprise data management solution of Eagle Investment Systems to create a security reference master and an investment book of record (IBOR), officials say.
The implementation, which will use the Eagle Access private cloud, is also being used to “improve reporting, greater analytical capabilities and improved data quality,” vendor officials say.
In addition to the security master and IBOR, RPMI Railpen officials engaged Eagle as part of a major project to establish a data platform to support the investment team, improve the quality, availability and delivery of data to the front office.
The investment manate selected Eagle’s solution to:
- support the breadth of investments and structures held by the fund;
- enhance granularity of the data;
- And provide a base from which a new investments infrastructure platform could be built.
“We have already started to see the benefits of the implementation,” said Nicky Dymond, director of strategy and change, RPMI Railpen, in a prepared statement. “We have leveraged the capabilities of the platform to provide enhanced reporting capabilities, add greater analytical breadth and depth to the data and to build an architecture that efficiently provisions front office systems and processes with consistent data. This will allow the business to realize rewards in terms of analytical capability, confidence and accuracy.”
The Railways Pension Trustee Co. Ltd. is the parent company of RPS and the parent of Railpen Investments, its investment arm, officials say. Railpen Investments is an FCA-authorised investment manager with assets under management that exceed £21 billion.
Eagle is part of BNY Mellon, which had $28.6 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management, officials say.
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