Bravura Solutions has appointed a global head of product to be based in Sydney and will conduct a review of its product team.
Darren Stevens, formerly head of strategy and finance for employer superannuation at ING Australia, will join Bravura in mid October. It is the first time the group has had a global head of product and a review of the team will follow. Stevens will report to group CEO and managing director, Iain Dunstan. Simon Woodfull group CEO and director, operations said Bravura Solutions would continue to review the structure of the product team to ensure delivery of the best possible results. “;We will continue to work according to our existing roadmap. Darren’s diverse experience will certainly add value to this process and ensure delivery of the next generation of our wealth management applications to the global financial services industry,”; he said.
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Investments
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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