Lazard Capital Markets' prime services division has deployed Eagle Investment Systems’ suite of data management, investment accounting, performance measurement and information delivery solutions, all hosted via Eagle Access, its application service provider.

Lazard Capital Markets' prime services reporting platform was ready to accept new clients after applying Eagle's accelerated deployment methodology.

Lazard Capital Markets 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. Its prime services division offers a front-to-back solution for hedge fund managers.

"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," says 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."

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.

"Lazard Capital Markets selected Eagle because of its vision and drive to lead the market in the alternative investments technology space," says John Lehner, 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, an IT consulting and outsourcing company with a focus on the capital markets and securities space, will be providing full business process outsourcing services for Lazard Capital Markets.