Tokyo, March 28, 2013 – Nomura Research Institute (NRI), Ltd.,a leading provider of consulting services and system solutions, today announced the availability of the enhanced SmartBridge Advance (SBA) solution, an order management system (OMS) for institutional investors. SBA is now able to integrate mutual fund and investment advisory operations’ execution processes.
In Japan, In Japan, institutional investors need to use different mutual fund and investment advisory operations accounting systems for execution process management. As a result, firms often build their own end-user computing (EUC) solutions, which increases their system maintenance and operational costs. In order to alleviate this regional issue, SBA is Japan’s first solution to enhance the execution management process for mutual fund and investment advisory operations by building connectivity between its T-STAR/TX and T-STAR/RX offerings.
“We are continuing to develop solutions that provide our clients with global support,” said Shin Kusunoki, Corporate Senior Vice President and Financial Systems Division Manager, NRI. “As a market leader, NRI understands the unique complexities of Japanese regulations and can offer solutions to ease our clients’ concerns.”
A foreign asset management firm using SBA was able to reduce 30% operational burden and reallocated 20% of resources to other operations.
Delivered via SaaS, SBA supports cross-border trading by enhancing data connectivity with international branches. NRI partners with BBH Infomediary® service to allow for seamless connectivity between the firm and SBA, enabling companies to exchange execution management data internally, as well as with international sub-advisory firms. SBA also provides connectivity to the SWIFT network. In addition, SBA incorporates NRI’s robust business continuity plan (BCP) and disaster recovery service.
About Brown Brothers Harriman
BBH is a privately held financial institution that has been a thought leader and solutions provider for nearly 200 years. The firm serves the most discriminating and sophisticated individuals and institutions in its five business lines: Corporate Banking, Investment Management, Investor Services, M&A Advisory and Wealth Management. BBH’s culture of accountability fosters deep and lasting relationships built on commitment, adaptability and trust. The company is independent, selective and specialized by design.
BBH’s Investor Services business provides cross-border custody, accounting, administration and execution services in close to 100 markets for many of the world’s leading asset managers and financial institutions. With approximately $3.6 trillion in assets under custody and administration1, BBH is consistently ranked among the world's top global custodians, asset administrators, foreign exchange, and securities lending providers.2
BBH operates a global business with seventeen locations, including Beijing, Boston, Charlotte, Chicago, Denver, Dublin, Grand Cayman, Hong Kong, Kraków, London, Luxembourg, New Jersey, New York, Philadelphia, Tokyo, Wilmington and Zürich. For more information about Brown Brothers Harriman’s integrated and differentiated approach, please visit www.bbh.com.
About Brown Brothers Harriman Infomediary®
Since its inception in 2001, BBH Infomediary has streamlined clients’ operations with its highly customizable communications platform. BBH Infomediary provides data translation, transformation and transmission services to many of the world’s largest asset managers, insurance companies, transfer agents and regional banks. BBH Infomediary solutions help solve numerous operational challenges for global clients across multiple areas of their operations including reconciliations, trade messaging and management, corporate actions as well as FX netting and aggregation.
Nomura Research Institute, Ltd. (“NRI”, TYO: 4307) is an independent, global IT solutions and consulting services provider with annual sales of 335.5 billion yen as of FY ended March 2012. With front-to-back support for the buy- and sell-side, NRI’s tradition of innovation has positioned them as a trusted international market leader. Leveraging NRI’s global consulting business, NRI is able to provide innovative financial IT solutions for investment banks, asset managers, banks and insurance providers. For more information visit www.nri.com.
1 As of December 31, 2012.
2 As measured by results in major industry surveys.
BBH and Infomediary are registered service marks of Brown Brothers Harriman & Co. in the United States and other countries.