NRI, Nomura HD, and Nomura Securities Agree on Servicization of Securities Systems
March 19, 2009
Nomura Research Institute, Ltd.
Nomura Research Institute, Ltd., (NRI; Tokyo; Akihisa Fujinuma, Chairman and President, CEO & COO), Nomura Holdings, Inc., (Nomura HD; Tokyo; Kenichi Watanabe President and CEO) and Nomura Securities Co., Ltd. (subsidiary of Nomura HD; Tokyo; Kenichi Watanabe President and CEO) agreed today that NRI will offer maintenance and operations as a service. This business is part of the primary information systems for securities retail operations in Japan, which is Nomura Securitiesí core business.
NRI will continue to develop and operate the primary information systems for Nomura Securitiesí securities business, for which NRI is contracted to develop, maintain, and operate Nomura HD and Nomura Securitiesí information systems. Under this agreement, NRI will acquire the hardware and software for the back office information systems supporting the account management, account adjustments and settlement and other aspects of the backbone system for Nomura HD and Nomura Securitiesí securities retail operations in Japan for approximately 40 billion yen. Accordingly, NRI will now provide this maintenance and operations as a service to Nomura Securities.
Nomura HD and Nomura Securities agreed on this arrangement as proposed by NRI to better meet the two companiesí needs.
This agreement enables the NRI Group to work toward the development of a long-term and stable business foundation and to improve overall the efficiency of its securities systems business by standardizing its systems. Nomura HD and Nomura Securities will also be able to pursue the standardization of related operations.
In keeping with this servicization of securities systems, NRI, Nomura HD, and Nomura Securities will continue to work together in strengthening their competitiveness.
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