Bravura backs Northern Trust market entry

Software/superannuation-funds/

18 December 2008
| By Mike Taylor |

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.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 5 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND