Ex FMC head turns up at Bravura

Wealth management and insurance software provider Bravura has snaffled the former managing director of rival firm FMC Software, Enda Mahoney, to head up its technology strategy.

Mahoney, who resigned from FMC late last year, has taken on the position of chief technology officer with Bravura. He also served as BT head of technology for several years. Iain Dunstan, Bravura CEO, said Mahoney’s “breadth of knowledge in IT strategy and business support will enhance the growth of Bravura’s business base, both in Australia and globally”. Mahoney said he welcomed the opportunity to design “next generation platforms” at Bravura.

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AustralianSuper’s call for leverage is bold but unnecessary

AustralianSuper's chief liquidity officer Chandu Bhindi has publicly proposed the idea of allowing some super funds to directly use leverage, enabling them to better manage liquidity requirements in crisis situations rather than being forced to sell assets at stressed prices. While the idea has some merits, overall it is not necessary and could increase system risk.

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