Bravura Solutions has completed its share acquisition of investment admin software developer Garradin from Powerlan, and announced the appointment of Garradin CEO Stephen Bowhill as head of product.
Bravura group CEO and managing director, Iain Dunstan, said 24 Garradin employees would join Bravura’s Sydney and Melbourne workforces. That includes Bowhill, who has been appointed head of product – portfolio management, with responsibility for the strategic direction and revenue for Bravura’s investment and portfolio management applications. A new hire is Hicham Mourad, as head of service delivery – portfolio management. Mourad joins Bravura from ING, where he spent seven years leading teams that supported large scale strategic projects across multiple business units for superannuation, unit trusts and life insurance. Dunstan said Garradin’s integrated unit pricing and fund accounting capabilities were complimentary to Bravura’s own.
3 July 2007 00:00
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Investments
The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.
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