Castle Trust Capital Management is rolling out the Bravura Solutions Rufus Software as a Service product, a self-administration operations platform, for its business.
The new agreement makes Castle Trust the third group to implement the service.
Smith & Williamson Fund Administration signed up to the service in October, and Margetts starting using it in June.
The new deal will allow Castle Trust to insource its administration operations, and includes the adoption of Bravura’s automated end-to-end straight-through processing messaging technology solution ‘Babel’ and front-end web application platform ‘taWeb’.
Barry Searle, COO at Castle Trust, commented: “The group’s base of loyal retail investors has grown rapidly during the last two years—these customers are pivotal to our future success and we are committed to providing a great experience combined with service which is both consistent and responsive.”
Andy Chesterton, COO of global funds administration at Bravura, added: “We’re thrilled that Castle Trust have chosen to partner with Bravura, using our technology to insource their back office operations, giving them the control and flexibility they require to drive their business forward.”
