SimCorp has inked an additional license agreement with Nomura Bank (Luxembourg) under which the bank will utilize the technology vendor’s investment management solution, SimCorp Dimension.
The solution will support the bank’s core business operations covering custody and trade processing as well as fund accounting functions, SimCorp said.
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Nomura Bank (Luxembourg) offers fund administration services to investment vehicles domiciled in different locations.
Nomura Bank (Luxembourg) CAO Virginie Lagrange 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) S.A. Nomura Bank (Luxembourg) S.A. has conducted a thorough assessment of vendors and solutions in the market and their choice of SimCorp Dimension proofs that the system is well-equipped to meet the advanced fund accounting and custody business requirements faced by financial institutions in Luxembourg."
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