The Mitsubishi Trust and Banking Corporation has approximately $141 billion (as of November 2003) fiduciary assets under management, and currently manages more than 5,000 corporate pensions and nearly 30 public funds through its trust asset management unit. The bank became one of the first banks in Japan to successfully implement a comprehensive straight-through-processing solution.
The Mitsubishi Trust and Banking Corporation utilizes the Fund Manager Support System (FM Support System) to assist fund managers in selecting issues. The FM Support System is a custom-made system built with PORTIA as an integral constituent. PORTIAâs unique real-time trade management and simulation functions enable prompt risk management. Add its compliance check function and automation of routine work, and it is possible to support the decision-making role of fund managers and improve work efficiency.
" The Mitsubishi Trust and Banking Corporation has been an important Thomson customer for many years and our relationship is a strong one. Our fund management system, PORTIA, provides the flexibility and functionality that The Mitsubishi Trust and Banking Corporation requires to be competitive in the marketplace," said Ken Wagner, head of Global Transaction Services at Thomson Financial. He added, "We continue to work with them across the board in making sure our total set of solutions, including the Thomson ONE framework, our exclusive market data, and our straight-through-processing solutions, can add further value to their front-to-back workflow."
Hiroshi Saito, Director and head of Investment Planning Division, explains: âThe FM Support System supports our fund management activities in the four major asset categories of domestic equities, global equities, global bonds and domestic bonds. In asset management, the judgment of fund managers is directly linked to investment success. The efficiency and effectiveness with which you can provide them with information they will use as the basis for their judgment is critical. Using the FM Support System, fund managers can see in real time the positions that reflect the transactions for that day, and can also
run simulations by the portfolio and specifying the balances at a future point in time. Functions unique to the FM Support System have enabled highly sophisticated and efficient fund management.
"In the process of deciding which product to adopt as our portfolio management system, which is at the core of the FM Support System, we looked at many products, both Japanese and foreign, so that we could choose the best product currently available. The key reason for selecting PORTIA is the robustness of its database function, the most critical factor for us. The functionality of its engines and compliance check functions were also a consideration. We were also searching for a package powered by various engines and compliance check functions that were solid and reliable. And thatâs how we settled on PORTIA."
PORTIA is the investment industry's most powerful and comprehensive portfolio management system, automating the trading, analysis, and operations of money managers in 40 countries. PORTIA is a comprehensive portfolio management system that provides flexible reporting, support for all security types, full multi-currency capabilities and real time processing.