PlatformsMay 3 2016

Schroders signs five-year deal with Bravura

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Schroders signs five-year deal with Bravura

Today (3 May) Schroders has announced a new five-year contract with Bravura Solutions.

The asset management firm will have transfer agency and financial messaging support and extends a 16-year partnership between the two firms.

Schroders will continue to use Bravura’s GFAS platform as its core transfer agency system to support funds in Luxembourg and five other domiciles.

GFAS is a multi-jurisdictional and multi-currency global platform that supports the administration of both offshore and onshore funds.

The firm also uses Babel, Bravura’s automated financial messaging technology, to connect its US offshore intermediary distribution network through the Depository Trust & Clearing Corporation’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.”

Tony Klim, chief executive of Bravura, said: “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.”

ruth.gillbe@ft.com