Following the recent announcement that Smith & Williamson Funds Administration Ltd had signed up to the ‘Software as a Service’ (SaaS) offering, Bravura Solutions Limited (Bravura) has announced that Castle Trust Capital Management Limited (Castle Trust) have also agreed to roll out the service for their business.
Castle Trust become the third group to adopt the service, behind Smith & Williamson who also signed up in October and Margetts who moved to self-administration with the Rufus SaaS package in June 2016. The Rufus SaaS deal will enable Castle Trust to insource their administration operations and includes the adoption of Bravura’s automated end-to-end STP messaging technology solution ‘Babel’ and also ‘taWeb’, the front-end web application platform for investors and administrators alike.
Barry Searle, COO, Castle Trust commented: “The Group’s base of loyal retail investors has grown rapidly during the last two years – these customers are pivotal to our future success and we are committed to providing a great experience combined with service which is both consistent and responsive. After an exhaustive market review, we selected Bravura and its leading edge proposition as a perfect fit for our business. Bravura brings a deep understanding of the market in which we compete and their flexible, stable platform will underpin our ambitious digital strategy.”
Andy Chesterton, COO, Global Fund Administration at Bravura said: “We’re thrilled that Castle Trust have chosen to partner with Bravura, using our technology to insource their back office operations, giving them the control and flexibility they require to drive their business forward. We look forward to helping Castle Trust grow its business through a strategic partnership that benefits from our extensive experience in providing administration and messaging solutions. Announcing another successful partnership in the same month shows that businesses are clearly taking advantage of the operational efficiencies the Rufus SaaS solution can offer them.”
Bravura’s COO, Global Fund Administration, Andy Chesterton was quoted in this press release. To ask Andy a question regarding the release or to discuss it in more detail, email [email protected].