Schroders renews Lux fund administrator contract
Schroders Investment Management (SIM) Luxembourg has renewed its contract with Bravura, an outsourcing firm that underpins its fund administration
In a five-year extension of its existing 11-year relationship with Bravura, SIM Luxembourg will support its global operations using the technology supplier’s Global Fund Administration System (GFAS).
It will act as the core transfer agency system for Schroders’ Luxembourg and offshore funds operations.
Bravura has seen growing demand for its GFAS, which services over $550bn of funds across 15 countries. In the last 12 months, its assets under administration have risen 30%.
The outsourcing firm is also adapting its GFAS to suit more international and alternative fund ranges, part of the attraction for Schroders to renew its contract with the supplier.