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Daiwa Securities retains third unqualified report on auditing standards

Monday, February 14, 2011
Opalesque Industry Update – Daiwa Securities Global Asset Services, the fund servicing arm of the Daiwa Securities Group has retained its Statement of Auditing Standards (SAS) 70 Type II report from its independent auditors,KPMG, in respect of Daiwa Europe Fund Managers Ireland Limited, its Fund Administration operation in Ireland.

Karl McEneff, Managing Director, commented "This is the third unqualified SAS70 Type II report that Daiwa has received since commencing the process back in 2008. This clearly and objectively demonstrates to our clients, Daiwa's commitment to maintaining the highest standards of internal control and service quality.

This achievement is all the more significant when one considers the challenges faced by the funds industry over the past number of years, both in terms of economics and an unprecedented level of change due to new external requirements (i.e. legal, regulatory, accounting and taxation). Daiwa will continue to adhere to the highest standards of service quality and excellence to complement its SAS 70 standard”.
(Press release)

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