Bravura extends Lloyds relationship by five years
Publicly-listed wealth management administration software provider, Bravura Solutions, has negotiated a five-year contract extension covering the insurance business of Lloyds Banking Group.
The contract extension was confirmed to the Australian Securities Exchange (ASX) this week with Bravura noting that the firm had been working with Lloyds for a number of years providing a back office solution for registry services, investments and tax wrappers.
It said the Bravura software supported services across multiple distribution channels, including bancassurance and financial advisers for Lloyds.
Commenting on the extension, Bravura Solutions chief executive, Andy Chesterton said the relationship had been built on an unwavering focus on cost efficiency and operational effectiveness.
Recommended for you
Zenith Investment Partners has welcomed a BDM focusing on adviser solutions in a series of appointments, while two asset managers have also confirmed new hires.
AMP non-executive director Kathleen Bailey-Lord and Iress non-executive director Susan Forrester have been appointed to the national board of the Australian Institute of Company Directors.
Wealth manager JBWere has announced the launch of two fixed income strategies for wholesale clients, backed by UBS Asset Management.
Firetrail Investments has confirmed the departure of four executives over the last quarter, including head of investment strategy Anthony Doyle.
