Bravura Solutions Pty Limited (Bravura), today announced that it has promoted Terry McCann to the role of Chief Information Officer (CIO) with a global remit. Terry was previously Head of IT, Hosting Services at Bravura.
The move comes as the company sees increased interest in its managed service offering from across the Asia Pacific region. A significant part of Terry's role will be to support and grow this area of the business. In addition, he takes responsibility for ensuring the company has the appropriate infrastructure and tools in place to deliver against strategic and commercial objectives.
"With 80 per cent of our EMEA clients using our managed services, and increasing interest worldwide, a clear trend is emerging," said Terry. "We see a shift in the way organisations provision software and it marks a growing acceptance of the cloud and the use of third party providers. It is an exciting time to take on this role and I look forward to helping our clients benefit from Bravura's operational scale and technology expertise."
Bravura supports three of the world's largest third party administrators with over £1 trillion in assets administered on its solutions. Building on the Software-as-a-Service (SaaS) model, its managed services solution has been available for a number of years, supporting over 120 management companies across the UK and Europe. The firm is now seeing an upsurge as organisations look to mitigate project risk and reduce capital investment. The service offers an industrial-strength application support process framework, backed by a dedicated team of subject matter experts to help monitor, manage, fine tune and enhance business applications.
Bravura's CEO, Tony Klim said: "As certain sectors of the industry move away from in-house arrangements we are well placed to offer high quality support alongside our hosting partners. Our managed services enable firms to reduce operational costs and business risk, allowing them to focus on agility and core strengths.
"Terry has extensive IT and operations expertise. We are confident that he will excel in this role, building on our managed services success and working with our global teams to develop and deliver our clients IT infrastructure to optimally support Bravura's software."
Terry will also be responsible for the development of a testing and performance framework to enhance collaboration with clients and deliver continued quality of service.
Prior to joining Bravura, Terry was Director, Global Production & Support at DST Global Solutions.