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.”
The realization of the total contract value is subject to successful completion of defined milestones in the agreement.