Nomura selects Refinitiv’s wealth management platform for Hong Kong and Singapore

Rick Steves

This business segment is experiencing ongoing transformation, with Refinitiv building out the firm’s solutions through strategic acquisitions such as Scivantage and the launch of Refinitiv Digital Investor and Refinitiv Workspace for Wealth Advisors.

major IPO in Hong Kong

Nomura’s International Wealth Management business has selected Refinitiv Workspace for Wealth Advisors as their strategic platform to drive timely market insights and analytics for its relationship managers and investment advisors across Singapore and Hong Kong.

Refinitiv’s wealth management business addresses the increased needs of wealth advisory clients: 43% agree they are more likely to need investment advice now than a year ago, according to a recent report.

Christopher Sparke, Head of Advisory Solutions at Refinitiv, said: “We are absolutely thrilled to be working alongside Nomura’s International Wealth Management business to support their expansion. With Refinitiv Workspace, Nomura’s advisors and relationship managers will benefit from market leading data and tailored workflow, driving client engagement and advisor productivity.”

Akshay Prasad, Head of Investment Products & Advisory Solutions, International Wealth Management, Nomura, commented: “We chose Refinitiv’s solution as its user-friendly interface and actionable insights will allow our client advisors to attract, engage and advise clients as we accelerate the expansion of our franchise across Greater China, Southeast Asia and the Global NRI markets.”

This business segment is experiencing ongoing transformation, with Refinitiv building out the firm’s solutions through strategic acquisitions such as Scivantage and the launch of Refinitiv Digital Investor and Refinitiv Workspace for Wealth Advisors.

Its wealth management solutions offer faster time to market for digital properties while offering a flexible framework consisting of web-based components, pre-built pages, APIs, mobile apps, and collaboration tools such as video, co-browsing and secure chat that can be precisely configured for clients.

In May, Refinitiv announced a partnership with FinTech Studios to provide industry, local and regional news, and research to wealth management professionals across Latin America, a key focus market for Refinitiv.

Latin America has experienced stronger than expected performance in 2020 and should exceed 4 percent GDP growth for 2021, according to the IMF. Refinitiv wants to ensure investment professionals are equipped with quality news, market intelligence, and analytics provider.

Under the new partnership, users will be able to view trending topics across industries and companies, sort by specific companies and keywords, and explore knowledge graphs to interpret the impact on related companies and individuals.

Technology-wise, Refinitiv has recently agreed to distribute NICE Actimize’s market surveillance solutions in the Asia Pacific.

Refinitiv is an LSEG (London Stock Exchange Group) business since the completion of a $27 billion acquisition deal from Reuters in early February 2020.

The deal significantly accelerates LSEG’s existing strategy to be a leading global financial markets infrastructure provider and to markedly expand its data and analytics offering to create a global multi-asset class capital markets business.

David Craig will leave the operation at the end of 2021 as the integration with Refinitiv is well underway. The executive change will have Andrea Remyn Stone becoming Group Head, Data & Analytics, effective 1 July, 2021.

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