Cost savings and excellence: GFR service transforming Nomura Asset Management U.K. Ltd’s fund registration

How a leading financial services group maintained high-quality, fully managed service while achieving substantial cost-efficiency

BACKGROUND 

Nomura Asset Management U.K. Ltd (NAMUK), a prominent financial services group, has been in operation for several years, providing a wide range of financial services globally. They initially used a large consultancy firm for their fund registration services, which were satisfactory but costly. The high costs prompted NAMUK to seek a more cost-effective solution – one that wouldn’t compromise service quality. FE fundinfo’s Global Funds Registration (GFR) featuring fully managed registration and data service, emerged as a viable alternative, offering substantial cost savings.

THE OBJECTIVES  

NAMUK’s key objectives focused on enhancing efficiency, maintaining high service quality, and achieving substantial cost savings through the transition to FE fundinfo’s GFR service.

• Reduced costs
• Service excellence
• Seamless integration
• Operational efficiency
• Autonomous reliability
• End-to-end solution

ACHIEVEMENTS  

NAMUK successfully transitioned to FE fundinfo's GFR service, achieving several key outcomes:

• Significant cost savings: NAMUK substantially reduced their fund registration costs, making the switch a financially prudent decision.
• Seamless efficiency: FE fundinfo ensured NAMUK's compliance with regulatory changes through proactive communication, regulatory horizon scanning, and an optimised registration process powered by technology. 
• Extension of an internal function: GFR registration specialists demonstrated high autonomy and responsiveness to queries and requests, thereby improving overall service satisfaction and evolving into an informal extension of NAMUK's internal function.
• Effortless integration: The onboarding process was smooth and efficient, with excellent support from the dedicated registration managers at FE fundinfo. This ensured that NAMUK’s Product function could focus on their BAU without any disruptions to their operations. 
• Comprehensive data management: Our registration experts handle all registration data, upon onboarding and throughout the life of the share class, across 70+ jurisdictions globally, eliminating the need for clients to send any in themselves.
• Dynamic integrated solution: Our GFR service works seamlessly with our other products and services, including PRIIPs KID production as well as Data and Document Distribution. This creates a comprehensive ecosystem of integrated solutions, all benefiting from a single trusted source of data.