Fidessa's compliance solution Sentinel selected by Nomura Asset Management operations
Tokyo, 1st June 2011 - Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment management and information solutions for the world’s financial community, has today announced that Nomura Asset Management, a leading asset management firm in Japan, has successfully gone live with Sentinel, Fidessa’s investment compliance solution for the buy-side. Nomura Asset Management will use Sentinel as their new tool for investment compliance and guideline monitoring.
Fidessa's Sentinel is a cutting-edge compliance solution for institutional investors that automates real-time pre- and post-trade compliance for mutual and institutional funds, and helps businesses meet their requirements for regulators and client mandates. Sentinel is a core module of Fidessa's LatentZero suite – a complete set of front-office solutions for institutional asset managers. The product is used by around 100 institutions, including many of the world’s top asset management companies.
Sentinel features high-performance data processing capabilities to handle the huge transaction levels of large asset managers, sophisticated functionality and a user-friendly GUI fine tuned for compliance users. Fidessa already has a strong track record for supporting domestic sell-side clients and projects in Tokyo and is committed to do so for the domestic buy-side community in Japan also.
Ian Chilton, Chief Executive of Fidessa in Japan, commented: "It is our great pleasure to announce that Nomura Asset Management, our first domestic buy-side client, has successfully gone live with Sentinel. Having completed the initial phase of the roll-out, we are now moving into the next phase of the project by expanding the coverage of asset classes. Fidessa is committed to move forward with solutions for the Japanese buy-side marketplace by providing extensive product localization of our LatentZero suite and also by reinforcing our internal structure to support domestic buy-side clients."
Fidessa’s global products and services support around 26,000 users across more than 900 clients worldwide and are used by more than 85 per cent of tier one financial institutions. Fidessa’s network provides connectivity to more than 2,400 buy-side and 600 brokers across 150 markets around the world.
About Nomura Asset Management
Since its founding in 1959, Nomura Asset Management Co., Ltd. has established a solid track record as one of Japan's leading asset managers. They have 25.7 trillion yen AUM as of March 2011. They are engaged in the investment trust business for retail investors and the investment advisory business for institutional investors. Our investment trust business offers a wide range of products that enables us to respond to the diversified needs of our customers through a broad array of distribution channels, including Nomura Securities and other brokerage houses, commercial banks, Japan Post Bank, and post offices throughout Japan. Through our investment advisory business, we provide advanced investment technologies and high-quality asset management services to a broad range of institutional investors, including domestic and overseas pension funds, government agencies and central banks, and financial institutions, including banks and insurance companies. For more information, please visit www.nomura-am.co.jp/english/about/.