Bravura extends Lloyds relationship by five years
Publicly-listed wealth management administration software provider, Bravura Solutions, has negotiated a five-year contract extension covering the insurance business of Lloyds Banking Group.
The contract extension was confirmed to the Australian Securities Exchange (ASX) this week with Bravura noting that the firm had been working with Lloyds for a number of years providing a back office solution for registry services, investments and tax wrappers.
It said the Bravura software supported services across multiple distribution channels, including bancassurance and financial advisers for Lloyds.
Commenting on the extension, Bravura Solutions chief executive, Andy Chesterton said the relationship had been built on an unwavering focus on cost efficiency and operational effectiveness.
AUTHOR
Staff Writer
Recommended for you
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
Iress has completed the sale of its platform business, bringing $4.1 billion in funds under administration over to Praemium.
