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.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.