London / Sydney, 11 March 2010 (ASX: BVA / OTCQX: BRVSY) – Bravura Solutions Limited (Bravura) – a leading global supplier of wealth management applications and professional services, has successfully completed the implementation of Babel, a straight through processing (STP) solution for J.P. Morgan Asset Management in the United Kingdom (UK).

J.P. Morgan is a long-term Bravura client, having previously implemented the Rufus global transfer agency solution. The most recent project employed Bravura’s Babel application to process trades for life funds in J.P. Morgan Asset Management’s Transfer Agency Operation.

Bravura’s Babel is an intelligent STP financial messaging solution. It automates external linkage to a variety of markets and counterparties, using almost any message medium or format. Babel seamlessly adapts to any necessary business logic, directly or via the world’s major platforms and comprises an extensive set of modules that manage different messages and transactions, external connectivity to particular markets and platforms, as well as specific message protocols.

Dan Watkins, Head of European Operations, J.P. Morgan Asset Management, said: “We needed a STP solution for our Life Funds client which also supported the ISO 20022 ViaNova* message format. Our long-standing partner, Bravura, had the products and capability to support complex asset management operations, making them the perfect fit for our requirements.

“The implementation of Babel has extended our STP capacity in the UK and, importantly, supports ViaNova standard instructions.”

Tony Klim, CEO EMEA, Bravura, said: “This is a significant achievement for Bravura and J.P. Morgan.

“It highlights our ability to provide STP solutions for our clients and enable them to introduce operational efficiencies and service improvement to their investors. We are delighted to have worked so closely with J.P. Morgan and helped them to implement another UK STP capability.

“We are also pleased that our widely used Babel product now supports ISO 20022 format trading, which is important in demonstrating Bravura’s ability to fully support our clients’ objectives in the transfer agency market.”

Implementation of Babel at J.P. Morgan Asset Management was completed in 2009 when the company immediately began to receive ‘live’ trades. All milestones were achieved on time and did not impact service to J.P. Morgan’s clients.

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