Money

Nomura to open data-entry center in China

(Agencies)
Updated: 2010-11-25 14:23

Japan's biggest brokerage Nomura Holdings will open a data-entry center in Northeast China's Liaoning province in May to handle information about Japanese retail customers, the Nikkei reported.

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Nomura expects the new center to help it save about 5-6 billion yen ($59.96-$71.95 million) over the next five years from lower personnel and office-rental expenses, the paper said.

The Dalian center will handle data such as domestic branch expenses and information on new customer accounts for Nomura's retail divisions in Japan, the Nikkei said.

Nomura will hire 500 workers through the end of 2012, the paper said.