Japan’s Nomura Asset Management has implemented the Eagle Investment Systems’ data management software as the first stage of a multi-phase plan to upgrade its global investment platform.

Nomura selected Eagle’s data management package to centralise and validate its investment data, ensuring that consistent information is shared across its investment management systems.

The initial phase of Nomura’s platform upgrade entailed automating, cleansing and centralising data for global equity investments so that accurate data could be leveraged in the firm’s other internal systems that perform compliance and trade management functions.  In the future, Nomura plans to realise further operational and business advantages through rolling out the Eagle platform to a number of its global offices.

"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," said Koichi Goto, senior corporate managing director.

"We selected Eagle after an exhaustive evaluation that began in July 2007 and we believe its data management solution is the best in the market. 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."

Founded in 1959, Nomura Asset Management provides advisory services, as well as equity and fixed income investments to both institutional and retail clients.

Eagle Investment Systems, which is a subsidiary of Bank of New York Mellon, offers its financial services technology to firms including institutional investment managers, mutual funds, hedge funds, brokers and insurance companies. Eagle's product suite is offered as an installed application or can be hosted via Eagle Access, the firm’s application service provider.