Bravura CEO becomes managing director
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.
Recommended for you
Lonsec Research and Ratings has appointed a head of sales, completing the leadership team to boost its reach with financial advisers.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the wealth channel.
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
