Nomura Bank in Luxembourg has partnered with SimCorp for its custody and trade processing.
The bank will use SimCorp’s investment management solution SimCorp Dimension to support its core business operations for trade and custody, and for fund accounting functions.
Nomura Bank provides fund administration to investment vehicles in various domiciles.
Virginie Lagrange, chief administrative officer at Nomura Bank in Luxembourg said: “Partnering with SimCorp will help us to increase our operational efficiency and expand our client footprint. The integration of advanced fund accounting and custody solutions on a single and modern platform, SimCorp Dimension, is key to implementing our strategy.”
SimCorp CEO Klaus Holse, said: “We are happy to expand the partnership with Nomura Bank Luxembourg.”
“Nomura Bank Luxembourg has conducted a thorough assessment of vendors and solutions in the market and their choice of SimCorp Dimension proves that the system is well-equipped to meet the advanced fund accounting and custody business requirements faced by financial institutions in Luxembourg.”
