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Bravura announces new CEO to start in August

The wealth management software group’s leadership team is set for a restructure.

Bravura has announced that CEO Nick Parsons will step down effective 22 August with current non-executive director Libby Roy to take on the position from that date.

Ms Roy has over 20 years’ experience leading financial services and tech companies and most recently worked as managing director of Optus Business in Australia.

She has held a number of senior executive positions with AMP, American Express and AXA, and served as managing director of PayPal in ANZ.

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“I have every confidence that Libby will champion the needs of clients, employees and shareholders into the future,” Bravura chairman Neil Broekhuizen said.

“I am delighted that Libby has agreed to become our next CEO, having experienced her talent and contribution first hand, I am sure she will contribute significantly to Bravura’s development, both internally and externally.”

Ms Roy added: “I would like to thank the outgoing CEO, Nick Parsons, for the work he has done in building the executive team and his contribution during his many years with Bravura.

“I am looking forward to using my experience to harness the tremendous opportunities Bravura has in its existing markets and globally. Bravura has been experiencing a transition in its markets and has been developing its offering accordingly.

“I am very excited to have been given the opportunity to capitalise on this.”

Mr Parsons was only announced as CEO for the company in August last year when he replaced long-time head, Tony Klim. Prior to that appointment, Mr Parsons worked as Bravura’s chief technology officer and business development director. He was also appointed as the business’s global chief operating officer in 2020.

Long-standing non-executive director Peter Mann will work as interim CEO until 22 August.

Following that date, Mr Mann, who is also the former CEO of Skandia, will move into the role of chairman for for EMEA (Europe, Middle East, Africa) “to bring additional support and focus to Bravura’s growth plans in the region”.

Though based in Australia, Ms Roy is expected to spend “a large amount of time” in the UK and other regions Bravura works in.

Bravura announces new CEO to start in August
Libby Roy
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Neil Griffiths

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.

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