The newly appointed chief executive officer of Bravura Solutions, Tony Klim, has also been appointed to the role of managing director, the software provider has announced.
Klim was appointed the company’s chief executive officer in May, with his role of managing director becoming effective from 30 June, 2011.
Bravura reported it had entered into a new employment agreement with Klim, who will receive a £350,000 fixed salary.
Meanwhile, Russell Investments has selected Bravura’s Sonata software to administer the firm’s retail products, with the two companies signing an initial five-year contract.
Russell’s managing director for retail investment services, Patricia Curtin, said the move came in response to an increased demand from advisers for web functionality and real-time access to Russell’s clients’ accounts.
Russell had also confirmed Sonata may be expanded for global use, with plans to implement other Bravura solutions to increase operational efficiency.
