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Simon Woodfull
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Bravura Solutions has signed a five-year agreement to provide investment management software for Australian Ethical, a specialist fund manager in ethical and sustainable investing.
Bravura’s Garradin investment management system will replace Australian Ethical’s existing software that manages investment portfolio assets and unit pricing.
“We selected Bravura as our preferred software vendor after extensive market analysis conducted by advisory firm First Treasury to ensure our specific requirements would be met,” said Australian Ethical’s chief financial officer Gary Leckie.
“We believe Bravura’s Garradin software is the most suitable on the market based on its functional strengths and its strong client experience in relevant markets,” he added.
The Garradin software caters for investment management and client administration, according to Bravura. It can be deployed across multiple sectors such as retail wealth management platforms, wholesale investment management, registry and mutual funds, custody and private banking.
Bravura group chief executive Simon Woodfull said “the project would deliver substantial cost savings through a consolidation process and would create streamlined, improved management processes and efficiency. We are extremely pleased to welcome another new client to our expanding portfolio this year and look forward to working with Australian Ethical to deliver this project.”
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