Prescient Selects Eagle's Investment Management Suite to Support Global Growth Objectives

Prescient Selects Eagle's Investment Management Suite to Support Global Growth
Objectives

South African Investment Manager to migrate back office processes to hosted
offering

JOHANNESBURG, June 24 /PRNewswire-FirstCall/ -- Eagle Investment Systems LLC,
a leading provider of financial services technology and a subsidiary of The
Bank of New York Mellon, has been selected by Prescient to deliver its
integrated investment management suite via its application service provider
(ASP), Eagle ACCESS(SM).

Prescient, with R60 billion under management in South Africa, selected the
Eagle suite to streamline its growing local and global operations. Eagle will
assist Prescient to meet increasing client reporting requirements and provide
access to data in an efficient and effective manner. The implementation is
scheduled to begin during the summer.

"Over the past several years, Prescient's business has expanded both locally
and globally, and the management of investment data, accounting and
performance has become a more complicated process. In addition there has been
a noticeable increase in client requirements for data and more sophisticated
reporting. We concluded that it was time to enhance our back office to support
both our growth objectives and client needs," said Carey Millerd, Prescient's
chief executive officer. "During our search, it quickly became apparent that
Eagle's fully integrated technology combined with its mature and proven hosted
service was the ideal solution for Prescient to meet market needs for daily
reporting and continued business expansion."

Initially interested in Eagle's investment accounting functionality and mutual
fund accounting capabilities, Prescient recognized the efficiencies offered by
Eagle's solutions for data management and performance measurement and opted to
license the entire suite. Prescient is expecting to increase productivity by
redirecting internal resources as a result of using Eagle's ASP, Eagle ACCESS.
The firm selected the hosted service to leverage Eagle's rich functionality,
24x7 support and scalability provided by the offering.

John Legrand, managing director of Eagle's European, Middle Eastern and
African operations said: "Eagle continues to attract leading, forward thinking
financial institutions such as Prescient from across the globe with its robust
technology and services. Our focus and commitment to excellence means interest
in our data management, investment accounting and performance measurement
solutions continues to grow in South Africa and other markets worldwide."

"Eagle ACCESS is the fruit of over twenty years of investment by our company
in hosted and outsourced services, and market indicators show we can expect to
see yet more momentum in this area," Legrand continued.

Notes to editors:

Prescient Investment Management is a leading independent quantitative
investment management business which manages both local and offshore assets
from its base in Cape Town, South Africa. Its expertise embraces the
management of portfolios comprising interest-bearing, equity, property,
currency and derivative instruments. Prescient currently manages money for
more than 200 institutional clients with their primary focus on the delivery
of superior performance while effectively managing risk. Additional
information is available at www.prescient.co.za or via email at
info@prescient.co.za.

Eagle Investment Systems LLC, a subsidiary of The Bank of New York Mellon
Corporation, is a global provider of financial services technology. Eagle
provides leading-edge technology and services for data management, investment
accounting and performance measurement. Eagle's product suite is offered as
an installed application or can be hosted via Eagle ACCESS(SM), Eagle's ASP
offering.

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of
specialised asset servicing capabilities, including custody and fund services,
securities lending, performance and analytics, and execution services. BNY
Mellon Asset Servicing offers its products and services through The Bank of
New York Mellon and other subsidiaries of The Bank of New York Mellon
Corporation.

The Bank of New York Mellon Corporation (NYSE: BK) is a global financial
services company focused on helping clients manage and service their financial
assets, operating in 34 countries and serving more than 100 markets. The
company is a leading provider of financial services for institutions,
corporations and high-net-worth individuals, providing superior asset
management and wealth management, asset servicing, issuer services, clearing
services and treasury services through a worldwide client-focused team. It has
$19.5 trillion in assets under custody and administration, $881 billion in
assets under management, services more than $11 trillion in outstanding debt
and processes global payments averaging $1.8 trillion a day. Additional
information is available at www.bnymellon.com

SOURCE Eagle Investment Systems LLC

Kendra Ahern, Eagle Investment Systems LLC, +1-617-219-0209,
kahern@eagleinvsys.com