Bravura Solutions Limited (Bravura) has announced that Legal & General (Unit Trust Managers) Limited (UTM) has signed a long-term contract to use Bravura’s Sonata, a next-generation wealth management solution. UTM delegates investment management of its funds to Legal & General Investment Management Limited (LGIM).
LGIM is the investment management arm of Legal & General Group, a FTSE 100 company. They are one of Europe’s largest asset managers and a major global investor, with assets under management of £983.3bn (as at 31 December 2017).
The strategic partnership with Bravura sees LGIM continue its digital transformation journey, with Sonata providing the flexibility required for accelerated product development and delivery for the Personal Investing and other selected businesses,
On the decision to select Sonata, Helena Morrissey, Head of Personal Investing, LGIM said:
“LGIM has deep expertise in delivering diverse and innovative client solutions. After a comprehensive review of the market, Bravura emerged as the right partner to help us on our digital transformation journey, with their ability to combine compelling functionality with modern technology.
Sonata will play a key role as we continue to expand our digital and product capabilities across multiple channels, ensuring that our client’s changing needs and expectations remain central to our offerings.”
Tony Klim, Group CEO and MD, Bravura Solutions commented:
“We have a strong and long-standing relationship with LGIM and are delighted to be working with them in a greater capacity on this new and exciting delivery.
This further endorses Sonata as a market-leading, agile business solution. LGIM will benefit from a market leading system and operating model that comprehensively satisfies their client requirements across selected lines of business.”