Bravura Solutions makes senior leadership changes

Sydney, 23 February 2010 (ASX: BVA / OTCQX: BRVSY) – Bravura Solutions Limited (Bravura) - a leading global supplier of wealth management applications and professional services - wishes to announce senior leadership changes made today that will allow Bravura to better take advantage of the global economic recovery.

Mr Brian Mitchell, currently a Non-executive Director of Bravura, will replace Mr Neil Broekhuizen as Chairman of Bravura.  Mr Mitchell has over 30 years experience in the IT industry. Most recently he was Senior Vice President, Oracle Asia Pacific, responsible for growing Oracle's expanding software and services activities throughout the region. He previously held the position of Managing Director, Oracle Australia and New Zealand.

Mr Broekhuizen, currently Interim Chairman of Bravura said: "On behalf of Bravura’s shareholders, I am delighted to hand over the Chair to someone of Brian’s experience and leadership skills.” 

Mr Mitchell said: “I’m very pleased to be appointed as Chairman of Bravura and look forward to driving Bravura’s development as a leading global supplier of software and professional services to the wealth management industry”.

In addition to the appointment of Mr Mitchell, Mr Simon Woodfull, currently Group CEO and Director – Operations will be assuming full responsibility as sole Group CEO. Mr Woodfull’s remuneration remains unchanged from its current status.

Mr Iain Dunstan has resigned from his role of Group CEO and Managing Director and we wish him well for the future.

Mr Woodfull said: “I have seen Bravura grow rapidly since it was established six years ago, and I am confident that we are well placed to capitalise on the large number of global sales opportunities in our pipeline.  I am very excited to be in a position to continue this growth and create value for our shareholders.”