OMW collaborates with Bravura 14 January 2025South Africa Reporter: Clelia Frondaroli
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Old Mutual Wealth (OMW) South Africa has collaborated with Bravura to enhance its Discretionary Fund Manager (DFM) functionality.
This functionality is part of OMW’s Linked Investment Service Provider (LISP) platform. The adoption of Bravura’s technology is said to enable the LISP platform to limit operational overheads and improve efficiencies.
Bravura will deliver their software through two microservice solutions: Model Portfolio Service (MPS) and Single Source Asset Data (SSAD), which the company says will give DFM’s the ability to design, manage, and report on investment models.
Stephan De Kock, chief operating officer at Old Mutual Wealth, states: “The partnership and microservices delivered by Bravura provide us with the opportunity to further cement our position as a leading wealth manager in South Africa.”
Country head of South Africa at Bravura, Rory Taylor, adds: “By applying the lessons we’ve learnt from successful microservice deployments across the globe, Old Mutual Wealth will be able to build on its leading position in the DFM market and further enhance its client experience.”
The partnership further hopes to revolutionise the services and technology available to DFMs in South Africa.
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