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Latest Results from /wealth

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Bravura in A$33.4 million rights issue

Australian wealth management software house Bravura is proposing to raise A$33.4 million in a rights issue to reduce its loan obligations.

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Nomura selects Avaloq core system for Asia wealth management ops

Japan's Nomura Group is rolling out core banking technology from Swiss vendor Avaloq across its Asia wealth management operations.

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Northern Trust chooses Bravura platform for move into Australia

US custodian Northern Trust has selected technology from Bravura Solutions to support its move into the Australian superannuation investment accounting market.

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Three arrested for murder of Barclays Wealth COO McGarahan

Norfolk Constabulary's major investigation team has arrested three local males in their early 20s in connection with the murder of Barclays Wealth chief operating officer Frank McGarahan.

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Buy-side OMS spending to soar - TowerGroup

Global buy-side spending on order management systems (OMS) is set to rise from $450 million in 2008 to $699 million in 2012 - a compound annual growth rate (CAGR) of 12% - according to research from TowerGroup.

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Bravura earnings downgrade threatens takeover

A second earnings downgrade in two weeks from Australian wealth management software vendor Bravura Solutions could derail a planned takeover by private equity firm Ironbridge Capital.

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Infosys bidding for BBVA contract

India's Infosys Technologies is close to signing a deal with Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA) for the supply of its Finacle core banking technology.

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Bravura board recommends takeover bid

The board of Australian pensions and wealth management technology vendor Bravura has disclosed plans for a management buy out in partnership with private equity firm Ironbridge Capital in a deal worth around A$272 million.

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Barclays Stockbrokers launches spot FX trading for private investors

Barclays Stockbrokers has teamed with California-based Integral Development to launch a spot FX trading service for private investors on its Barx platform.

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Financial Objects reports profit rise; eyeing acquisitions

After reporting a healthy rise in full year pre-tax profits, UK fintech vendor Financial Objects says it is on the look out for earnings-enhancing acquisitions.

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Odyssey signs Irish outfit Davy to WealthManager

Irish financial services outfit Davy has become the first company in Europe to utilise the Odyssey WealthManager platform under a multi-million euro deal.

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Infosys spends $60m on Finacle upgrade

India's Infosys Technologies says it has invested over US$60 million in the last three years on upgrading its flagship core banking platform Finacle.