Bravura Solutions expands executive team with new Global Head of Product

Sydney - 27 September 2007

Bravura Solutions Limited (Bravura) – a leading global supplier of wealth management applications and professional services – today announced the appointment of Darren Stevens as the Global Head of Product. Bravura’s latest executive designation follows the hiring of new Global Chief Technology Officer, Nick Parsons.

Stevens’ appointment will significantly deepen Bravura’s global executive team and strengthen its international business development capability. A 21-year veteran of the financial services industry, Stevens will be based at Bravura’s Sydney head office.

Bravura’s Group CEO and Managing Director, Mr Iain Dunstan said: “Darren has an outstanding record and we are extremely pleased to welcome someone of his calibre. Darren’s strong product strategy background, proven leadership qualities, and client management capabilities provide a solid cultural fit for Bravura.

“Darren will be a great asset to Bravura. His experience and insights will be invaluable in developing Bravura’s global product strategy and sustaining its run of excellent results.”

Stevens joins the company from ING Australia, where as Head of Strategy and Finance, Employer Superannuation, he was responsible for strategic and operational planning for their employer superannuation business. Stevens’ role also included the management of the risk and compliance framework and the financial management of a significant Profit & Loss business. Prior to this role, he was National Manager, Employer Super & Group Risk Distribution at ING.

Stevens also spent seven years in senior management positions at Tower Australia Limited covering Finance, Product & Marketing and Operations.

Stevens said: “I am excited to be a part of Bravura’s rapidly growing and dynamic business and look forward to working to enhance its position as a leading software provider to the wealth management industry.”

Stevens is a Fellow of the Institute of Actuaries of Australia and an Associate of the US Society of Actuaries. He has held a number of Trustee and Board roles for organisations including ING and Tower and has actively participated in industry bodies such as the Institute of Actuaries of Australia and IFSA.

He is due to commence his role on 16 October 2007.

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