The licence will allow Nomura’s Global Funds Management (GFM) business to grow its third-party client base in Europe, Asia, and the US, the company said.
The Ucits licence is in addition to GFM’s alternative investment fund manager status.
Nomura is a financial services group with a presence in over 30 countries. It provides retail, asset management and wholesale services to individuals, institutions, corporates and governments.
The licence will also enable Nomura Bank (Luxembourg) to expand its depositary services to Ucits.
Worldwide offering
Jean-Francois Caprasse, GFM general manager, said: “Ucits is a strong brand which stands for quality and robustness of the investment fund and its main service providers.
“The granting of this licence means we can now offer a full range of product structuring opportunities to asset managers and distributors around the world.”
GRM and Nomura Bank (Lux) provide asset management, custody and administration services for investment funds promoted mainly by Nomura Securities and Nomura Asset Management.
GFM has €10.4bn (£9.2bn, $12.9bn) in assets under management, while Nomura Bank (Lux) has €59.3bn of assets under custody.
