Specialist financial services software provider Bravura Solutions Pty has picked up a key managed service mandate with New Zealand's Trustee Executors Limited (TEL) to roll out its Sonata wealth management platform.
Bravura announced the arrangement last week, stating that TEL had selected Sonata to replace its current installation of Talisman, one of Bravura's heritage wealth management applications.
The company announcement noted that Bravura was a long-standing technology provider in New Zealand, with more than 50 per cent of all KiwiSaver accounts being administered on Bravura platforms.
Commenting on TEL's decision to go with the Bravura product, the company's chief executive, Tom Hoey, said Sonata's functionality and its strong presence in the New Zealand market were critical factors in his company's choice.
