Headquartered in Los Angeles, The Capital Group is one of the largest mutual fund companies in the world with more than $900 billion in fund assets across 30 publicly available mutual funds.
âThe decision to select a new fund accounting system was made after a careful evaluation of internal and external solutions,â said Brian Bullard, a senior vice president at Capital Research and Management Co., the investment adviser to American Funds. âWe believe Eagle is a very robust system which will provide us greater functionality than other systems.â
Beth Sullivan, director of information technology at Capital Research and Management Co. said, âEagle was the best vendor product for our mutual fund accounting requirements and offered flexibility with data integration and business reporting needs.â
âMarket 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,â said John Lehner, president and chief executive officer of Eagle. âEagleâs 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.â