Tokyo, Japan, October 30, 2024 – Brown Brothers Harriman & Co. (US, BBH) has expanded its relationship with Resona Asset Management Co. Ltd. (Resona AM), a leading investment management firm based in Japan to include InfoFX, BBH’s automated 3rd Party FX solution. This collaboration marks a milestone as it becomes the first Japanese investment manager to implement InfoFX.
InfoFX is a securities-based FX solution that enables automated FX order generation with execution netting capability. InfoFX supports FX orders across multi-custodian accounts and covers both freely traded markets and select restricted markets.
BBH’s InfoFX and Infomediary® Data Solutions have recently been awarded “Best Operations or Back-Office Solution” at the Asia Risk Awards, recognizing the oversight and control they provide to asset managers.
Since its onboard with InfoFX, Resona AM has already seen its decision to use InfoFX result in greater operational efficiencies through trade data transmission and FX netting, along with improved flexibility in their security-based FX workflow. Resona AM has also been able to achieve greater oversight and control of its FX trading capabilities through InfoFX Live, BBH’s web-based platform that provides clients with robust pre and post-trade reporting and analytics tools to assess execution quality.
“With the launch of InfoFX, our fund managers have gained significant benefits through reduced operational burdens. We expect that these operational efficiencies will lead to enhanced investment performance,” said Resona AM.
“Global asset managers continue to look for ways to optimize their trading and operational workflows, so we are thrilled to expand upon our longstanding relationship with Resona Asset Management, a key relationship for BBH in Japan,” said Munenori Yoshihara, Head of Relationship Management Japan and Markets Asia at BBH.
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About Brown Brothers Harriman
Brown Brothers Harriman (BBH) is a global financial services firm known for premium service and specialist expertise. We have a 200-year track record helping clients innovate and navigate complex financial markets. Our 6,000 employees support our clients’ investments in over 90 markets from 18 offices. As a private partnership, we are uniquely built to put clients first and create success that lasts.
BBH Investor Services is a leading provider of asset servicing and operating model solutions to global asset managers and financial institutions. Our asset servicing solutions include custody, global tax services, depositary and trustee, accounting, administration, transfer agency, foreign exchange, and securities lending. Our operating model solutions solve platform, data, and connectivity challenges across open-architecture operating models. We support our clients’ growth, enhance operational efficiency and resiliency, and streamline reporting and oversight.
About Resona AM
Resona AM is an investment management firm based in Japan that offers asset management to a wide range of clients with AUM approximately USD 363B as of March 2024. Resona AM is wholly owned by Resona Holdings, Inc., one of the leading commercial banking groups in Japan, and aims to be the "Retail No. 1."
For more information about Resona AM, please visit www.resona-am.co.jp/english/.
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