Brown Brothers Harriman & Co. has reached an agreement with Advent Software by which clients of BBH Infomediary, the bank’s outsourcing application, can directly receive trades from Advent’s Moxy. Likewise, Moxy users will be connected to SWIFT using Infomediary as a gateway.
“By offering standard integration between Moxy and Infomediary, our customers will have another means of automating post-trade communications to their custodians and other interested parties, whether US or globally based,” says Will Clemens, Advent’s vice president of straight through processing. “This partnership is further proof of Advent’s deep commitment to deliver client-focused services that solve key pain points for our customers.”
“We are delighted to work with Advent and their clients,” says Taylor S. Bodman, BBH Partner. “Communicating in industry standard formats drives down operational cost and expands investment management opportunities for asset managers; Infomediary was developed by BBH to deliver a combination of greater efficiency and expanded client capabilities, so we are pleased to be achieving both with this opportunity.”