BBH, Resona AM, Expand FX Relationship

Brown Brothers Harriman says it has expanded its relationship with Japanese asset manager Resona Asset Management to include the deployment of the bank’s InfoFX third-party FX solution.

Resona AM is the first Japanese client to use InfoFX, which is a securities-based FX solution that enables automated FX order generation with execution netting capability. Itsupports FX orders across multi-custodian accounts and covers both freely-traded markets and select restricted markets.

BBH says since onboarding, 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. It 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 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,” says Resona AM in a statement.