TOKYO -- Japan's Nomura Asset Management is moving administrative work involving investment trusts and other investments to India, looking to accommodate the next-day settlement cycle that is becoming a global norm.
Japanese financial firm's move spurred by global trend to settle trades more quickly
Nomura Asset has begun transferring administrative operations for the management of investment trusts to India. (Photo by Yuki Nakamura)
TOKYO -- Japan's Nomura Asset Management is moving administrative work involving investment trusts and other investments to India, looking to accommodate the next-day settlement cycle that is becoming a global norm.