Bravura Platform to Support Northern Trust Market Entry in Australia
Bravura Solutions (Bravura) has agreed a deal with Northern Trust, as the latter enters the Australian superannuation investment accounting market. Northern Trust acquired an Australian banking licence in November this year, allowing it to provide banking, asset and custodian services to its Australian-based clients. The firm is now expanding its service offering within the Australian superannuation fund industry.
Northern Trust hopes that the collaboration will allow the company to service the superannuation investment accounting market from its Melbourne offices while also leveraging its global capability. The project commences in December 2008 and is expected to be completed in Q4 2009.