Nissay Asset Management Becomes First Japanese Firm to Digitise MBS Trading with Broadridge Platform
Nissay Asset Management (NAM) has selected Broadridge Financial Solutions to modernize its post-trade operations, becoming the first asset manager in Japan to implement Broadridge’s Mortgage-Backed Securities Trade Assignment Portal (TAP).
The announcement signals a shift in the Japanese asset management sector toward digital consolidation, specifically regarding To-Be-Announced (TBA) mortgage-backed securities. NAM will utilize the platform to automate the Assignment of Trade (AOT) process, moving away from legacy manual workflows.
According to the firm, the new system allows for the instant creation and electronic signing of contract documents, as well as the ability to dispatch AOT letters to multiple counterparties simultaneously. By migrating these operations to a secure cloud environment, NAM aims to increase transparency and reduce the administrative drag associated with traditional email-based processing.
Shuichi Uchida, General Manager and Head of the Trading Department at NAM, noted that the integration is part of a broader push for operational efficiency. "This automation frees up time from administrative tasks, allowing us to focus more on trading and analysis," Uchida said, emphasizing the need to drive value creation for investors.
For Broadridge, the deal represents a strategic foothold in the Asian market. David Runacres, President of APAC at Broadridge, described the implementation as a foundation for future collaboration across market participants. Runacres highlighted that the platform is designed to transform "traditionally manual" operations into a connected digital workflow.
Nissay Asset Management, a subsidiary of the Nippon Life Group established in 1995, manages assets for pension funds and individual investors. The move to adopt Broadridge’s infrastructure comes as Japanese asset managers face increasing industry pressure to reduce routine overhead and reallocate resources toward execution and strategy.
Norbert Gehrke
