Downunder UHNW advisory to employ Garradin processing for trust accounting. Australia's Myer Family Office plans to use Sydney-based Bravura Solutions' multi-currency investment management system Garradin, primarily as a trust-administration engine to help it manage funds on behalf of its private and philanthropic clients.

Bravura figures the installation will be completed by early June this year.

Future proof

"Garradin was selected for its functionality, low cost of ownership and the strong, local support provided to us by Bravura," says Myer's investment chief Matthew Browning. "We are delighted to be progressing towards implementation of Bravura's Garradin product."

Myer is a 12-year-old multifamily office and asset manager owned by the descendents of Sidney Myer, an Eastern European immigrant to Australia who built a department-store empire in the first decades of the last century. It has offices in Sydney and Melbourne.

Bravura provides pension, life-insurance, investment and portfolio-administration software and related consulting services to about 180 financial-service companies around the world. Its CEO Simon Woodfull says the Myer win is an example of its "commitment to serving boutique wealth advisors and managers with institutional quality software and service solutions." Barvura bills Garradin as "future proofed" -- meaning new functionalities and capabilities can be added to it with little or no programming changes. -FWR

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