#Japan #Tokyo #Broadridge #Nissay Asset Management #Trade Assignment Portal

Nissay Asset Management Leads Japan with Broadridge's Trade Assignment Portal

In a groundbreaking move for the Japanese financial sector, Nissay Asset Management Corporation (NAM) has become the first asset management firm in Japan to implement Broadridge Financial Solutions Inc.'s Mortgage-Backed Securities Trade Assignment Portal (TAP). This strategic adoption is set to transform the way the firm conducts its Assignment of Trade (AOT) processes, effectively placing it at the forefront of operational efficiency in the country's asset management landscape.

Broadridge, a global leader in financial technology, developed the TAP to automate and digitize the manual processes traditionally associated with the trading of mortgage-backed securities. With the increasing pressure on asset managers to streamline operations and allocate resources towards value-adding initiatives, the implementation of this portal comes at a pivotal moment. Shuichi Uchida, General Manager and Head of the Trading Department at Nissay Asset Management, articulated the firm's commitment to enhancing operational efficiency. He stated, "Broadridge's Trade Assignment Portal provides us with a straightforward and effective means to simplify our AOT processes, allowing us to focus more on trading and analysis, rather than administrative burdens."

The Trade Assignment Portal offers a suite of features designed to enhance the workflow of mortgage-backed securities trading. By enabling the instantaneous creation and electronic signing of contract documents, the portal allows for the simultaneous dispatch of AOT letters to multiple recipients and facilitates real-time tracking of progress. This level of automation not only drastically reduces the manual workload but also enhances transparency and security via cloud storage of completed assignments.

David Runacres, President of Broadridge APAC, expressed pride in supporting Nissay Asset Management through this modernization initiative. He noted, "The Trade Assignment Portal exemplifies our mission to empower firms in Asia with greater automation, transparency, and efficiency. By converting the traditionally manual and email-dependent AOT process into a streamlined digital workflow, we help create a more connected marketplace for all participants."

Nissay Asset Management opted for this advanced solution primarily because it preserves existing workflows while enhancing their efficiency. This allows the firm to build upon its well-established operational expertise and broker relationships, minimizing disruption during the transition. As Japan's asset management industry increasingly seeks innovative ways to cut down on tedious routine tasks, the TAP represents a significant step forward by granting traders more time for critical planning and execution tasks, ultimately driving better client outcomes.

The advantages presented by the Trade Assignment Portal are not merely incremental; they represent a paradigm shift in operational capacity. By reducing AOT processing time, Nissay Asset Management is positioned to respond to market opportunities more swiftly and effectively, thereby reinforcing its commitment to delivering exceptional value to its investors.

Founded in 1995, Nissay Asset Management applies the robust asset management capabilities of the Nippon Life Group to provide a diverse range of investment products aimed at fulfilling the needs of pension funds and individual investors alike. This collaboration with Broadridge signifies a commitment to adopting technology that enhances both operational performance and client satisfaction.

In conclusion, the successful implementation of Broadridge's Trade Assignment Portal by Nissay Asset Management not only underscores the firm's commitment to innovation but also sets a new standard for operational efficiency within Japan's asset management sector. As the financial landscape continues to evolve, such technological advancements will be crucial in shaping the future of investment management in the region.

For more detailed insights into Nissay Asset Management and their innovative approaches, you may visit their website at Nissay Asset Management. Similarly, Broadridge Financial Solutions continues to redefine the boundaries of financial technology and operations, promising a reliable partner for those aiming to elevate their operational capabilities in an increasingly competitive marketplace.