Bravura Solutions Pty Limited (Bravura) today announced a new five-year contract with global asset management company Schroders.
The deal provides Schroders Investment Management (Luxembourg) S.A. with transfer agency and financial messaging support, and builds on a longstanding working relationship between the two firms.
Extending its existing 16-year partnership, Schroders will continue to use Bravura's GFAS platform as its core transfer agency system to support funds in Luxembourg and five other domiciles. Schroders also uses Babel – Bravura's automated financial messaging technology solution – to connect to its US offshore intermediary distribution network through the DTCC's National Securities Clearing Corporation.
Noel Fessey, Global Head of Fund Services at Schroders, said: "Our operations centre in Luxembourg has become a global resource for Schroders because of its ability to combine sound operational thinking with great technology. Bravura's people and technology have been at the heart of our work for years, and we're pleased to see our relationship continue."
Bravura CEO Tony Klim added: "This new contract is testament to the strength of our relationship with Schroders. After 16 years, GFAS remains at the heart of its transfer agency operations and, more recently, Babel has been introduced to support the company’s financial messaging needs."
GFAS is a multi-jurisdictional and multi-currency global platform that supports the administration of both offshore and onshore funds.