The new premises will accommodate Bravuraâs sales and product consulting function in Asia. The company will continue to develop and support opportunities in the region for Sonata, Bravuraâs new next generation administration software for life insurance and funds management.
Simon Woodfull, Group Chief Executive Officer of Bravura, said: âStrengthening our operations in Hong Kong is an important step in our global development and will enable us to drive new business in Asia by capitalising on the growing interest in Sonata in the region.â
âWith life insurance businesses in Asia looking to capitalise on predicted industry growth, they face increasing competition and pressure to reduce costs whilst providing enhanced services. Similarly, Hong Kong has experienced a dramatic growth in funds management, with a substantial increase in the number of funds and fund providers entering the marketplace. With Sonata offering simple integration, incredible flexibility in product configuration, enhanced automation of common processes and high levels of Straight Through Processing, it provides a compelling solution to the challenges facing these industries.â
The Hong Kong office will continue to assist staff in Bravuraâs Bangkok location in providing support to existing clients in Asia, including New York Life International and Bao Viet, who recently rolled out Bravuraâs life insurance solution across their entire Vietnam branch network.
In addition to Asia, Bravura has headquarters in Sydney, with further offices in Melbourne, Adelaide, Auckland, Wellington, London, Tonbridge, Edinburgh, Manchester, Luxembourg, Warsaw and Johannesburg.