Eagle Investment Systems LLC, a Mellon Financial Company, says that US Bancorp Fund Services, LLC, a subsidiary of US Bancorp, has selected Eagle STAR to support its mutual fund accounting and reporting needs.
Eagle STAR is a Web-based investment accounting system that supports multiple lines of business including mutual funds, insurance, institutional asset management, hedge funds and brokerage/wealth management on a single platform.
USBFS decided to extend its relationship with Eagle, which began in 2005, after implementing Eagle PACE, a data hub and portfolio management solution, and Eagle Portal, an interactive information delivery platform for the web.
“We were impressed with the quality and speed associated with our Eagle PACE implementation and the exceptional ongoing client service we receive,” says Joe Redwine, the president of USBFS. “In addition, Eagle remains the leader in providing advanced solutions, so when their mutual fund accounting capabilities became available, they were the logical choice for expansion.”
“USBFS is a leader in adopting newer technologies and we are thrilled they have decided to extend their relationship with Eagle,” adds David Palten, the president and CEO of Eagle. “We are seeing an increase in the market’s appetite for replacing legacy accounting systems with newer technologies, such as ours, that leverage a data-centric model. USBFS is one of several firms we are speaking with about our solutions.”