Calastone appoints former Bravura CEO for tech role

Calastone fund management technology

11 March 2024
| By Laura Dew |
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Former Bravura chief executive, Nicholas Parsons, has taken up a new role at funds network Calastone. 

At Calastone, he will join as chief technology officer responsible for technology operations, product strategy and development.

In addition to CEO, he acted as CTO at Bravura and previously at DST Global Solutions (now part of SS&C) for 12 years. 

He spent 14 years at Bravura in a variety of roles, including global chief operating officer, head of global engineering organisation and 10 months as chief executive. 

Following his departure in mid-2022, the CEO role was taken over by Libby Roy and has since changed again to be held by Andrew Russell currently. 

The firm has also appointed Adam Belding as chief architect to lead its digital investment program. This will include collaborating with clients to enable new digital “tokenised” investment models.

Julien Hammerson, Calastone chief executive, said: “Nick’s exceptional industry experience, deep technological expertise and proven track record of strategic leadership will play an important role in strengthening Calastone’s senior leadership team.

“The funds industry is undergoing a major transition to digitalisation. As our network continues to grow, Nick will be instrumental in leading our future technology strategy as we expand the business into new verticals and continue to support our clients through the next phase of automation.”

Parsons said: “I am thrilled to be joining the company pioneering the digital transformation of the funds industry globally and transforming multiple new areas of the value chain, and I am looking forward to working with Adam in his new role as we bring our digital investments platform to market.

“I have long admired Calastone’s history of adapting and innovating to meet market needs across the asset management industry and the business is well placed to support asset managers and servicers on their digitalisation journey. I look forward to joining Calastone’s talented and driven team as CTO and helping to drive the growth of the business as it expands globally.”

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