Nomura Asset Management signs deal with Atos

Nomura Asset Management UK has singed a five-year contract with Atos Origin to support its money market funds.

Atos Origin will provide Nomura Asset Management UK with its, Apollo FIM, fund management system that has been implemented by Atos Worldline at a number of European banks. The system will automate Nomura Asset Management UK management, compliance and operational processing.

Paul Aspland, IT director at Nomura Asset Management UK said: "We believe the combination of increased efficiency, flexibility and tight controls Atos Origin provides will be a huge benefit for us."

Bryn Barlow, vice-president for Financial Services at Atos Origin in the UK, said the deal was a significant step in extending the company's footprint in the European Money Markets.