The Capital Group Selects Eagle's Mutual Fund Accounting Solution

By Eagle Investment Systems Llc, PRNE
Sunday, October 17, 2010

BOSTON, October 18, 2010 - Eagle Investment Systems LLC, a leading provider of financial services
technology and a subsidiary of BNY Mellon, today announced that The Capital
Group Companies, Inc. (The Capital Group) has licensed its fund accounting
solution to support the firm's mutual fund accounting operation under the
American Funds brand. This selection is part of The Capital Group's plan to
upgrade its middle- and back-office architecture to streamline its

Headquartered in Los Angeles, The Capital Group is one of the largest
mutual fund companies in the world with more than US$900 billion in fund
assets across 30 publicly available mutual funds.

"The decision to select a new fund accounting system was made after a
careful evaluation of internal and external solutions," said Brian Bullard, a
senior vice president at Capital Research and Management Co., the investment
adviser to American Funds. "We believe Eagle is a very robust system which
will provide us greater functionality than other systems."

Beth Sullivan, director of information technology at Capital Research and
Management Co., said, "Eagle was the best vendor product for our mutual fund
accounting requirements and offered flexibility with data integration and
business reporting needs."

"Market conditions of the past few years have created an environment
requiring firms to address new regulations and the latest processing
requirements of complex securities. Companies want to address those needs
while creating more operational efficiencies around systems and internal
processes," said John Lehner, president and chief executive officer of Eagle.
"Eagle's selection by a firm with such longstanding success as The Capital
Group is a strong acknowledgment of our work to develop the most
comprehensive mutual fund accounting platform available today."

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 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 (NYSE: BK). Learn more at

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

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