Financial Risk Solutions enters Australian market
Irish administration and compliance software company Financial Risk Solutions (FRS) has announced its entry into the Australian investment administration software market.
This built on their 2018 expansion into Asia, assisted by the recent acquisition of FRS by Constellation Software Inc. Constellation Software Inc. was another provider of software and services, to public and private sector markets globally.
FRS’s expansion into the Australian market had been driven entirely by industry demand for the InvestPro system as many administrations and investment management firms prepare for potential disruption from new technology-based market entrants.
The company had been in advanced talks with several new clients and will start working to deliver the software via cloud deployment on Microsoft Azure.
Matthew Baldwin, FRS managing director Asia, said FRS has a proven track record of delivering its system in the agreed timeframe and budgeted cost.
“This move into the Australian market is incredibly exciting for everyone at FRS and culminates a period of growth,” Baldwin said.
The Dublin-headquartered company provided unit linked investment administration and compliance oversight software.
AUTHOR
Chris Dastoor
Recommended for you
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
