Bravura backs Northern Trust market entry
Bravura has announced it has agreed to a deal with Northern Trust, supporting its entry into the Australian superannuation investment accounting market.
Northern Trust acquired an Australian banking licence last month, allowing it to provide banking, asset and custodian services to its Australian-based clients, and it is now expanding its service offering within the Australian superannuation fund industry.
Northern Trust’s Australian managing director, Paul Cutts, said after an extensive review of IT providers, Bravura and its Garradin software offered a proven solution.
“The collaboration will allow us to service the superannuation investment accounting market from our Melbourne offices while also leveraging Northern Trust’s full global capability,” Cutts said.
Bravura’s Garradin software is a comprehensive, multi-currency platform with a diverse range of securities functionality, including stapled securities and instalment warrants.
For superannuation funds, Garradin provides management of inter and intra fund reconciliation and administers Australian tax requirements and a diverse range of securities.
AUTHOR
Mike Taylor
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