Atos Origin, an international IT services company, today announced that it has been awarded a five year contract by Nomura Asset Management UK to provide and manage the systems to support its money market funds.
Atos Origin's solution will further automate Nomura Asset Management U.K management, compliance and operational processing.
Atos Origin will provide Nomura Asset Management U.K. with its, Apollo FIMTM, a proven, integrated fund management solution that has been successfully implemented by Atos Worldline at a number of European banks. Atos Worldline brings together Atos Origin's core expertise in Hi-Tech transactional services. This implementation builds on the successful entry of Atos Origin to the important UK Asset Management market, 3 years ago.
Paul Aspland, Managing Director Information Technology at Nomura Asset Management U.K. said "We believe the combination of increased efficiency, flexibility and tight controls Atos Origin provides will be a huge benefit for us. Atos Origin's deep matter Money Markets experience, their responsiveness and eagerness to work through the process and their commercial pricing model meant they were the obvious choice to provide our Money Market Asset Management system."
Bryn Barlow, vice president for Financial Services at Atos Origin in the UK, said, "We're absolutely delighted to have signed a contract with an international financial powerhouse like Nomura, a new name customer for Atos Origin. Signing this contract is a major step in extending our footprint in European Money Markets, building on our huge success in providing similar solutions for global banks in mainland Europe."