Bravura Solutions, a global supplier of transfer agency and wealth management software applications and professional services has announced the immediate appointment of Tony Klim as the new Group Chief Executive Officer.
Klim joined Bravura three years ago in February 2008 as the CEO for Europe, Middle East and Africa, charged with the responsibility to achieve new business and financial targets.
Under his guidance, Bravura has expanded significantly in the region both through organic and acquisitive growth, and the European region now accounts for almost 70% of the companys revenue, says the group.
I believe that Bravura is in a strong position to move forward as a market leading provider of transfer agency and wealth management software applications to the financial services market, says Klim. We have an exceptional team of talented employees and I look forward to contributing in my new role through encouragement, empowerment and clarity in working towards a common goal.
Earlier this year, the group, which is primarily from Australia, announced March 31, 2011, that it had given up seeking a buyer after it failed to receive an acceptable takeover bid. Shares in the firm fell more than 20% upon the announcement by its board of directors.
However, the group is apparently is shifting its strategy by relocating to larger offices in Hong Kong, in a bid to tap into the Asia-Pacific markets.
Two weeks later, on April 11, Bravura Solutions co-founder Simon Woodfull resigned, with company chairman Brian Mitchell taking the helm as interim CEO until now.
Tony has built strong relationships with our major blue chip clients such as Bank of New York Mellon, JP Morgan, Citi, Lloyds Banking Group, Aviva and Legal & General and we are confident he is filling the position with a detailed knowledge and understanding of Bravuras important client base, products and services, says Brian Mitchell, Chairman of the Board of Bravura.
Tony will be based in Bravuras London office.
While I am extremely familiar with our European clients and employees I am looking forward to spending more time in Australia, New Zealand and Asia to get to better know and understand the needs of our wealth management clients and employees in our home base, added Klim.
Related articles:
Bravura: Australian Wealth Management Landscape Is Changing
Bravura Gives Up Seeking Buyer, Shares Plunge
Bravura Solutions Broadens Hong Kong Presence
(LB)