The Bank of New York Mellon has extended its contract with Bravura Solutions’ ‘Rufus’ unit registry software, after selling it to the Australians in 2006.
The Bank of New York Mellon will now use Rufus to administer over 500,000 accounts (speaking for 175 billion euros) until at least 2013. The agreement has an upfront value of $15 million, with potential for future revenue, a note from Bravura said.
5 February 2008 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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