Bravura provides trusts and estate solution to Equity Trustees

16 July 2008

Bravura Solutions Limited (Bravura) – a leading global supplier of wealth management applications and professional services – today announced that it has signed a five-year deal with Equity Trustees Limited (EQT) to upgrade its business from CIM to Bravura’s portfolio administration solution, Garradin.

EQT is a leading wealth management and estate services company and is recognised for its prowess in trustee and fund management services, and superannuation. As part of its continual improvement program, EQT has undertaken to upgrade to a cutting edge solution which will continue to provide a strong service base for their clients.

“We anticipate that Bravura’s Garradin solution will provide another ‘step change’ opportunity, and will position Equity Trustees strongly in a competitive market place,” said Peter Williams, CEO at Equity Trustees.

Garradin is a comprehensive, multi-currency investment management system with integrated asset management, unit registry, general ledger and tax management functions. Its implementation at EQT will provide a system that offers seamless processing and comprehensive asset management capability.

The software solution has been further developed to cater for the unique requirements of the Trustee administration business, and will be used to administer the assets for EQT’s funds and private clients, as well as the company’s reporting needs. The product will also have an online component that enables EQT’s clients, within Australia and globally, to view their portfolios and current holdings online.

“Garradin is a highly adaptive solution for a variety of environments and its use within Equity Trustees’ business demonstrates the product’s ability to service the trust and estate market,” said Simon Woodfull, Group CEO and Director – Operations, Bravura Solutions.

“We are excited about EQT’s expected business opportunities and are keen to demonstrate this product’s broad capabilities in this area of the financial services industry,” he said.

The upgrade project will be managed from EQT’s head office in Melbourne. The implementation commenced in June 2008 and is expected to be completed in the second half of 2009.

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