Bravura Solutions Limited has signed a 5-year contract with Schroders Investment Management (Luxembourg) S.A. to extend Schroders use of Bravuras GFAS transfer agency platform to support its global operations.
Our relationship with Bravura Solutions is essential to the continued success of our business, says Gary Janaway, head of operations Schroders Fund Services Luxembourg. This has recently been demonstrated through the successful implementation of a number of straight-through-processing enhancements, as well as a new alternative investment suite. We very much look forward to further developing this key relationship over the coming years.
The contract confirms GFAS as Schroders core transfer agency system, sitting at the heart of its Luxembourg and offshore fund services operations. Schroders says it was keen to extend its existing 11-year outsourcing partnership with Bravura as it expands the use of GFAS to support more of its international and alternative fund ranges.
We are delighted that Schroders has decided to extend its contract with us,” says Tony Klim, CEO of EMEA at Bravura Solutions. “Over the past 11 years our teams have built a strong and dynamic partnership which we look forward to continuing to build on in the future.
GFAS is one of Europes most widely used commercial transfer agency platforms, servicing more than $550 billion of funds across 15 countries. Assets under administration have risen by 30% in the last 12 months alone.