History

Early in 1989 the Nomura Securities Co., Ltd. (Tokyo) opened a representative office in Luxembourg to promote Depositary Bank Clearing and Custody services as well as General Funds Administration services to cover investor needs within the Nomura Group.

From 1990 to 1995, NBL began providing Funds Administration and Custody Business services for a growing number of investment funds vehicles promoted by the Nomura Group. These were mainly active in the European national securities markets, as well as countries from South East Asia and the Pacific, including Japan. During the period, NBL handled plain vanilla international equity funds, country national equity funds and emerging markets worldwide equity funds.

From 1995 to 2000,  NBL gradually switched to more sophisticated fund structures such as Venture Capital funds, Alternative Investment funds or Funds of Hedge funds. This paralleled a shift in the investment policy of classical investment funds schemes to focus increasingly on US domestic Government Treasuries, Corporate Agencies fixed income products and Global Bonds international fixed income regulated markets.  At the end of the period, NBL successfully launched several large asset-based Money Markets funds denominated in the world’s major currencies.

From 2000 to 2005, NBL actively followed major new trends in the investment funds industry and broadened its offer to include services to funds covering Market Neutral Strategy, Private Equity, Currency Overlay, and Global Currency Derivatives, as well as High-yield Bond and Monthly Income Distribution funds, and investment trusts dedicated to active participation in US syndicated loan markets products. With the increase in Medium Term Note programmes structured and issued by Nomura’s various global derivatives teams, NBL began to provide Structured Products Agency services, a new offer that also supports head office in Tokyo.

Since early 2005, NBL has further diversified and created business potential for itself and the Nomura Group through developing Administration and Custody services for third-party investment promoters in Japan; added Securities Lending Facilities to support the overall performance of Nomura funds; and increased distribution of new funds shares to institutional investors in Europe.