Brown Brothers Harriman (BBH) has expanded its relationship with Japan-based Resona Asset Management to include BBH’s automated third party FX solution, InfoFX.
Munenori Yoshihara, BBH
The development sees Resona become the first Japanese investment manager to implement the FX solution.
InfoFX is a securities-based FX solution that enables automated FX order generation with execution netting capability.
The solution provides support for FX orders across multi-custodian accounts and covers both freely traded markets and select restricted markets.
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Following the onboarding of InfoFX, Resona AM added that it has already seen greater operational efficiencies through trade data transmission and FX netting, as well as improved flexibility in their security-based FX workflow.
“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.
Resona AM has also achieved improved oversight and control of its FX trading capabilities through InfoFX Live, BBH’s web-based platform which offers clients with robust pre- and post-trade reporting and analytics tools to assess execution quality.
“Global asset managers continue to look for ways to optimise 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.