Nomura Research Institute Acquires Cutter Associates,

Nomura – TOKYO, JAPAN  – Nomura Research Institute, Ltd. (NRI), a leading provider of consulting services and system solutions today announced that Nomura Research Institute Holdings America, Inc. has acquired Cutter Associates, LLC, the leader in investment operations consulting and research, headquartered in Hingham, MA.

Cutter Associates, founded in 1998, provides investment operations research and consulting services to the world’s largest asset managers, insurance companies, pensions, endowments, and asset servicers.  The firm has long been recognized as the leader in providing independent research on investment systems and services, with a subscription base of 200 firms around the globe.  Cutter Associates’ consulting projects span the full investment processing lifecycle, from target operating model strategies to system searches and implementations.

“Over the past 15 years, Cutter has focused on expanding our consulting services and achieving even greater brand recognition in the marketplace. With NRI as our partner, we expect to offer a broader range of technical services as well as explore new geographic regions to expand our research membership base,” says Tom Seeman, Cutter’s CEO.  “We look forward to working with our clients to continue to find innovative ways to address their investment operations issues. NRI has a similar passion for customer engagement and we’re excited about the future with NRI.”

“Acquiring Cutter Associates is a perfect strategic fit for NRI and we expect to take full advantage of the synergies across the two firms.” Stated Katsuhiko Fujita, Senior Managing Director of NRI. “The Cutter Associates model is based upon strong client relationships and deep industry expertise, which is well-aligned with how NRI operates.”