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Subsidy for the Outsourcing of Middle and Back Office Operations

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Subsidy for the Outsourcing of Middle and Back Office Operations

The Tokyo Metropolitan Government provides a subsidy to reduce the burden on middle and back office operations*1 and outsource those operations so that independent asset managers*2 with limited human resources can concentrate management resources on their main business.

*1 "middle office" operations take a position independent from main business (Front) to engage in matters such as risk management and fund management evaluation, and "back office" operations include the processing of trade agreements implemented by Front and calculation of net asset value of funds.

*2 An independent emerging manager registered as an investment manager (including investment manager for qualified investors) after April 1, 2018

Eligible expenses for the subsidy

Expenses related to outsourcing middle and back office operations to "Qualified Outsourcing Providers, etc." (trust banks and BPO service providers, etc. certified by the Tokyo Metropolitan Government) or costs of system license contract with "Qualified Outsourcing Providers, etc.(※)" to reduce the burden on middle and back office operations

Maximum subsidy

50% of actual expenses (up to 7 million yen(※)) per EM

(※) In case of system license contract with "Qualified Outsourcing Providers, etc. : up to 3million yen

List of Qualified Outsourcing Providers

As of April, 2021

Company Department Contact
XNET Corporation 3rd Financial Sector +81-3-5367-2204
SUMITOMO MITSUI TRUST BANK, LIMITED Asset Services Promotion Department +81-3-5404-3156
Nomura Research Institute, Ltd. Asset Management Systems Business Department +81-45-613-7149
Mitsubishi UFJ Trust and Banking Corporation Investor Services Business Division +81-3-6214-6522
State Street Trust & Banking Co., Ltd. Relationship Management Department +81-3-4530-7069
Broadridge Managed Solutions, Inc.(※) Broadridge (Japan) Limited、Sales +81-3-5797-8460
Tora Trading Services Limited(※) Tora Trading Services K.K. +81-3-4550-2769
Eze Castle Software LLC(※) Eze Software Asia Pacific Limited +852-3664-1101
JAMP Fund Process Innovation Co., Ltd. +81-3-3527-3810
Bloomberg L.P.(※) Financial Products +81-3-3201-8900
Enfusion Ltd. LLC(※) Enfusion APAC +852-3892-8436
Refinitiv Japan K.K.(※) Solution Sales Division +81-3-6743-6515
Daiwa Institute of Research Ltd.(※)
Financial Sector Sales Dept.
Systems Consulting Division (Ⅱ)
+81-3-5620-5100

(※)system license contract with "Qualified Outsourcing Providers, etc.