Bravura has appointed Greg Johnson as its new global head of product, as the trouble-hit platform tech business restructures its senior management team.
Johnson will lead Bravura’s global product team working to unify and simplify the firm’s expansive suite of products throughout the wealth value chain.
This will include collaborating closely with clients throughout the world to develop and streamline technology and business processes to improve efficiency and enhance customer experience through digital delivery.
Johnson brings in a wealth of experience after holding senior roles at AMP, TAL Limited and Nano Digital Home Loans where he was most recently B2B group executive.
Before that, he was general manager at Challenger Limited and was responsible for the company’s underlying growth strategy in the annuities and life business units.
Bravura group chief executive officer Andrew Russell said the appointment of a global head of product and centralised product management team is a “crucial step” in the platform tech’s journey to become a “product-centric organisation”.
He said: “With extensive financial services experience, Greg will be a great addition to the team and will work closely with our global customers to better understand their pain points and how Bravura products can better meet their strategic goals in the wealth management and funds administration space.
“Our clients are looking to us to help them drive down costs, reduce complexity and increase efficiencies and I’m confident that Greg will help us achieve these aims in a way that resonates with clients and helps increase our footprint in key markets across the globe.”
Commenting on his appointment, Johnson said: “Bravura has an expansive reach and scale across its suite of solutions and a huge opportunity to build on its rich history and capability to help our clients become more efficient, streamlined and ultimately more profitable.
“I’m looking forward to working with clients on our product innovation plans and helping them innovate in some of the most tightly regulated industries in the global markets in which we operate.”
The platform tech provider has been through a rough period including resignations, staff layoffs and a funding shortfall.
Last month, Bravura confirmed interim CEO Russell would take the role of group chief executive and managing director.
He replaced Libby Roy, who stepped down from the role last month.
In March, board chair Neil Broekhuizen resigned after four years in the role. He has been a non-executive director at Bravura since 2009.
In the same month, the platform tech provider announced that it was considering staff layoffs as it struggles to raise millions to fund its operations.
Bravura provides software solutions for the wealth management, life insurance, and funds administration industries.
Some of its platform clients include Nucleus and M&G.
The business has more than $5tr USD in funds under administration (as of June 2023) on its systems.
It employs around 1,500 people in 17 offices across Australia, New Zealand, UK, Europe, Africa, and Asia.
