Lazard Capital Markets Deploys Eagle Platform for Hedge Fund Prime Brokerage Clients

By Eagle Investment Systems Llc, PRNE
Monday, October 11, 2010

Eagle's Latest ASP Client Leverages New Services for Fast Implementation

BOSTON, October 12, 2010 - Eagle Investment Systems LLC, a leading provider of financial services
technology and subsidiary of BNY Mellon, today announced that Lazard Capital
Markets' Prime Services division has deployed its suite of data management,
investment accounting, performance measurement, and information delivery
solutions, all hosted via Eagle ACCESS(SM), its application service provider.
Lazard Capital Markets' Prime Services reporting platform was ready to accept
new clients after applying Eagle's accelerated deployment methodology, which
follows proven practices for implementing Eagle solutions.

Based in New York with US$9 billion in client assets under custody,
Lazard Capital Markets has a long history of providing clearing services to
institutions, corporations, and individuals. The organization has launched a
new business focused on hedge fund prime brokerage and has licensed the Eagle
suite to help service its hedge fund client base. As an independent, self
clearing brokerage firm, Lazard Capital Markets provides a holistic coverage
model with traditional prime brokerage services and capital markets expertise
to assist the investment community to both manage and expand their
businesses. Lazard Capital Markets' Prime Services offers a front-to-back
solution for hedge fund managers with a focus on premium technology and
client service.

"By aligning with Eagle on this initiative, we can provide clients with
flexible and institutional quality portfolio reporting tools and have the
ability to scale our offering as our business and the industry evolve," said
David Wertentheil, Lazard Capital Markets' managing director and head of
prime services. "This provides our clients the best of both
worlds-progressive technology with institutional support coupled with a
marquee capital markets platform."

The proven implementation methodology provided Lazard Capital Markets
with more than half of its required reports out of the box, with others
created by minor modifications to existing reports. Lazard Capital Markets is
the first client to leverage Eagle's Data Integration Services initiative, a
service that helps clients achieve reduced risk and shortened implementation
timeframes by including data integration to support deployments of its
accounting and performance solutions and providing ongoing updates and
support. The reference data interfaces required by Lazard Capital Markets
were delivered through Eagle ACCESS, providing both a lower cost of
implementation and additional support and services for these interfaces over

"Lazard Capital Markets selected Eagle because of its vision and drive to
lead the market in the alternative investments technology space," said John
, Eagle's president and chief executive officer. "The Eagle suite
provides Lazard Capital Markets with an integrated suite that directly
addresses the operational demands of its hedge fund prime brokerage business,
a platform to support its growth strategy, and a cost-effective delivery
approach through hosting."

Headstrong, a leading global IT consulting and outsourcing company with a
specialized focus on the capital markets and securities space, will be
providing full business process outsourcing services for Lazard Capital
Markets. Headstrong is managing the accounting, reconciliation, performance,
and end reporting functions, working closely with Lazard Capital Markets'
client service group. With a full range of investment operations services,
Headstrong maintains extensive experience servicing back office clients on
the Eagle platform.

Lazard Capital Markets LLC was formed in 2005 concurrent with the
recapitalization of Lazard Ltd. and initial public offering of Lazard Ltd.
Headquartered in New York's Rockefeller Center, the company continues all of
the capital markets activities formerly conducted by Lazard Freres & Co. LLC.
The vision for Lazard Capital Markets' Prime Services division is to be the
premium boutique prime broker delivering equity-centric hedge fund managers a
full service offering. Additional information is available at

Eagle Investment Systems LLC, a subsidiary of BNY Mellon Asset Servicing,
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. Additional information is available at

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of
specialized asset servicing capabilities, including custody and fund
services, securities lending, performance and analytics, and execution

BNY Mellon (NYSE: BK) is a global financial services company focused on
helping clients manage and service their financial assets, operating in 36
countries and serving more than 100 markets. BNY Mellon 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 US$21.8 trillion in assets under
custody and administration and US$1.0 trillion in assets under management,
services US$11.6 trillion in outstanding debt and processes global payments
averaging US$1.5 trillion per day. BNY Mellon is the corporate brand of The
Bank of New York Mellon Corporation. Learn more at

Kendra Ahern, Eagle Investment Systems LLC, +1-617-219-0209, kahern at

will not be displayed