Bravura appoints wealth management exec
Bravura Solutions is focusing on enhancing its development capabilities across its wealth management division, appointing Ramarao Velpuri to the role of global head of engineering across centres in Australia, Poland, India, New Zealand and the UK.
Velpuri would lead software for Bravura across the global business, with a particular focus on the software provider’s next-gen wealth management software platform, Sonata.
“It’s an exciting time to take on this role and I look forward to helping our clients benefit from Bravura’s operational scale and technology,” he said.
Velpuri previously held executive roles at Oracle and CA Technologies and was most recently the vice president at Capsilon Corporation. Bravura chief executive, Tony Klim said Velpuri was well placed to assisting the firm to reach its targets.
“Ramarao has extensive IT and operations expertise,” he said.
“We are confident that he will excel in this role working with our global teams to develop and deliver our IT processes and infrastructure to optimally support Bravura’s software development and client outcomes.”
AUTHOR
Hope William-Smith
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.
