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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‘It’s crazy’: More gold than bonds in super portfolios as funds rethink defensive plays

The shifting global economic landscape and its impact on currency markets are forcing asset owners to re-think the defensive portion of portfolios as traditional hedging techniques become less effective and new ones emerge. The Fiduciary Investors Symposium heard that for one fund that’s led to gold overtaking government bond allocations.

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