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Tim Bakkenes appointed to drive Bravura’s growth strategy in New Zealand. Mon, 19 Jul 2021 Tim Bakkenes. Next-generation financial services software, Bravura Solutions Ltd (ASX:BVS) has announced the appointment of Tim Bakkenes as head of sales and account management. Based in New Zealand, Bakkenes will be a key member of Bravura New Zealand’s management team. Bakkenes’s responsibilities include managing Bravura’s existing client relationships in New Zealand, as well as identifying emerging needs and opportunities across the country. Bakkenes brings a wealth of experience to this newly created role. Over the past decade he served as an account executive and key account manager with financial software company, Iress. As the company’s primary relationship owner in New Zealand, Bakkenes took care of its key wealth management accounts, including banks, insurance companies and boutique providers, ensuring an outstanding client experienc ....
Former AMP exec joins Midwinter ifa.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifa.com.au Daily Mail and Mail on Sunday newspapers.
Print Former AMP and AXA Wealth Management executive, Steve Davison has been appointed as chief commercial officer at Midwinter Financial Services. Midwinter’s parent company, Bravura Solutions Limited announced Davison’s appointment today noting that he was joining from Singapore-based Fintech, Better Trade Off, which has been developing digital financial planning services. It said his previous experience included senior roles across AMP and AXA’s wealth management, transformation and advice divisions. Commenting on the appointment, Bravura chief executive, Tony Klim, said: We are delighted to welcome Steve as the chief commercial officer for Midwinter . “This new role would involve building on the combined Midwinter and Bravura offering, supporting the needs of existing and new clients and pursuing opportunities to expand the Midwinter business in Australia and internationally. ....
Bravura profits crash over 50% Bravura profits crash over 50% The wealth management software group announced plunging profits for the first half of the 2021 year as it conceded the COVID crisis had disrupted its new business pipeline. A A In a statement to the market on Thursday, Bravura reported a net profit after tax of $9 million for the six months to December 2020, down 54 per cent on the prior corresponding period. The group said while its “sales pipeline in all key markets is strong”, market uncertainty as a result of the COVID crisis had led to “a lengthening of the sales cycle, as well as clients evaluating more of our products”. ....
Print Wealth management software provider Bravura has seen a 54% decline in net profits after tax (NPAT) and 38% decline in earnings before interest, taxes, depreciation, and amortisation (EBITDA) in its H1 FY21 results. The firm maintained this was in-line with earnings guidance which had accounted the impacts of the COVID-19 pandemic. Revenue dropped 14% to $115.7 million from $125 million in 1H FY21, while NPAT dropped to $9 million (from $19.8 million), and EBITDA had dropped to $15.8 million (from $25.5 million). An unfranked interim dividend of 2.6 cents per share (cps) was declared, which brought the dividend payout ratio 70% of H1 FY21, while earnings per share was 3.7 cps. ....