BRUSSELS, April 13, 2016 /PRNewswire/ -- SimCorp announces that it has signed a large additional license agreement with Nomura Bank (Luxembourg) S.A.
Nomura Bank (Luxembourg) S.A. will be utilizing SimCorp's investment management solution, SimCorp Dimension to support its core business operations covering custody and trade processing as well as fund accounting functions.
With about 370 employees, Nomura Bank (Luxembourg) S.A. provides a broad scope of fund administration services to investment vehicles domiciled in different locations.
SimCorp CEO, Klaus Holse, comments: "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."
Virginie Lagrange, Chief Administrative Officer, Nomura Bank (Luxembourg) S.A. comments: "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."
Enquiries regarding this announcement should be addressed to:
Hans Otto Engkilde, Managing Director, SimCorp Benelux (+32 2213 3021, +32 498 866 601)
Jochen Müller, Executive Vice President, SimCorp A/S (+45 3544 6477, +45 6040 6477)
SimCorp provides integrated, best-in-class investment management solutions to the world's leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers and sovereign wealth funds. Whether deployed on premise or as an ASP solution, its core system, SimCorp Dimension, supports the entire investment value chain and range of instruments, all based on a market-leading IBOR. SimCorp invests more than 20% of its annual revenue in R&D, helping clients develop their business and stay ahead of ever-changing industry demands. Listed on NASDAQ Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.