Bravura underpins growth



Iain Dunstan
Fast-growing financial services platform provider Bravura Solutions has moved to underpin its expansion into Europe with the opening of a new head office in London.
The new office will accommodate employees from Bravura’s existing Canary Wharf and Richmond offices and is intended to assist the company’s expansion strategy in both the UK and Europe.
Commenting on the move, Bravura chief executive Iain Dunstan said the UK and European businesses were experiencing rapid growth and creating considerable business opportunities for the company, specifically through the introduction and growing popularity of wrap platforms.
“According to Datamonitor, assets under administration within wrap-like services are forecast to grow to approximately £150 billion in the UK by 2008,” he said.
“Bravura is well-placed to leverage existing relationships and provide wrap applications to UK customers.”
Dunstan said the move to larger and more central premises in London, combined with the company’s offices in Edinburgh, Manchester and Luxembourg, highlighted its growing market presence.
Recommended for you
Private wealth manager Escala Partners has increased its alternatives allocations to more than a third in the past three years, describing the asset class as offering “fertile ground” for diversification.
The Financial Services Council has recommended implementing a per capita limit per annum for financial advisers when it comes to the CSLR levy to allow them to expand their business without levy uncertainty.
DASH Technology Group has seen a 49 per cent uplift in its carrying value and is completing a new capital raising, having already received $30 million from growth investor Bailador.
At the halfway point of the year, consolidation pressures continue to drive financial services M&A with three areas identified as targets for asset and wealth managers, according to PwC’s mid-year outlook.