Bravura and Schroders continue TA relationship 03 May 2016Luxembourg Reporter: Stephanie Palmer
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Schroders has signed a five-year deal with Bravura Solutions, extending the 16-year working relationship between the two firms.
Bravura will continue to provide Schroders Investment Management in Luxembourg with transfer agency and financial messaging support through its GFAS platform and Babel solution.
The GFAS platform is the core transfer agency system, supporting funds in Luxembourg and five other domiciles. Babel is a financial messaging technology solution used for connecting Schroders’s US intermediary distribution network.
Bravura CEO Tony Klim said: "This new contract is testament to the strength of our relationship with Schroders. After 16 years, GFAS remains at the heart of its transfer agency operations and, more recently, Babel has been introduced to support the company’s financial messaging needs."
Noel Fessey, global head of fund services at Schroders, said: "Our operations centre in Luxembourg has become a global resource for Schroders because of its ability to combine sound operational thinking with great technology. Bravura's people and technology have been at the heart of our work for years, and we're pleased to see our relationship continue."
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