Resona AM implements BBH’s automated FX solution
31 October 2024 Japan
Image: DZMITRY/stock.adobe.com
Brown Brothers Harriman (BBH) has expanded its relationship with Resona Asset Management (Resona AM).
This collaboration marks a milestone for BBH, as Resona AM becomes the first Japanese investment manager to implement its automated third-party foreign exchange (FX) solution.
InfoFX is a securities-based solution that enables automated FX order generation with execution netting capability.
It supports FX orders across multi-custodian accounts, covering both freely traded markets and select restricted markets.
Since onboarding with the solution, Resona AM has achieved greater oversight and control of its FX trading capabilities through InfoFX Live, BBH’s web-based platform providing clients with robust pre and post-trade reporting, as well as analytics tools to assess execution quality.
“With the launch of InfoFX, our fund managers have gained significant benefits through reduced operational burdens,” says Resona AM. “We expect that these operational efficiencies will lead to enhanced investment performance.”
Munenori Yoshihara, head of relationship management Japan and Markets Asia at BBH, adds: “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 AM, a key relationship for BBH in Japan.”
This collaboration marks a milestone for BBH, as Resona AM becomes the first Japanese investment manager to implement its automated third-party foreign exchange (FX) solution.
InfoFX is a securities-based solution that enables automated FX order generation with execution netting capability.
It supports FX orders across multi-custodian accounts, covering both freely traded markets and select restricted markets.
Since onboarding with the solution, Resona AM has achieved greater oversight and control of its FX trading capabilities through InfoFX Live, BBH’s web-based platform providing clients with robust pre and post-trade reporting, as well as analytics tools to assess execution quality.
“With the launch of InfoFX, our fund managers have gained significant benefits through reduced operational burdens,” says Resona AM. “We expect that these operational efficiencies will lead to enhanced investment performance.”
Munenori Yoshihara, head of relationship management Japan and Markets Asia at BBH, adds: “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 AM, a key relationship for BBH in Japan.”
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