Bravura secures Legal and General 14 February 2011London Reporter: Justin Scottsdale Lawson
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Bravura Solutions has signed a new five-year contract with Legal and General Investments to extend its use of Bravura’s Rufus transfer agency platform.
The contract will support Legal and General’s growing UK operations, expanding its current use of the platform to cover the administration of new fund range and distribution channels in their Unit Trust, ISA, and OEIC Unit Class businesses. This confirms Rufus as Legal and General’s core transfer agency system and consolidates an existing 13-year partnership with Bravura.
The contract also supports Rufus’ reputation as one of Europe’s most widely used commercial transfer agency platforms administering over £335 billion of funds across 15 countries; with assets under administration rising by 23 per cent in the last 12 months alone.
Mike Boardman, chief operating officer for Legal and General Investments said: “Our relationship with Bravura is essential to the continued success of our business. We are able to depend on Bravura to deliver consistently high quality services and are confident that they will continue to do so in the future. We look forward to further developing this key relationship.”
Andy Chesterton, chief operating officer EMEA at Bravura said: “The Rufus platform provides Legal and General with an effective and reliable technology solution that enables efficient administration and STP services as well as delivering high quality client service.
“We have built a strong and successful partnership with Legal and General over the years and we look forward to building on this relationship in future with this new contract.”
Bravura’s Rufus software supports highly efficient transfer agency administration of European domiciled assets distributed globally. The multi-currency and multi-lingual platform offers integrated FX processing and also supports open architecture products such as fund supermarkets.
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