FinoComp, the software development company owned by Bravura Solutions, today announces the appointment of Mike Baker, currently Head of Product, to the role of Managing Director effective January 1st 2022. Ray Tubman will continue as a special adviser at Bravura supporting the transition process during the first half of this year before stepping down in June 2022.
Mike Baker has decades of experience in financial services and for over ten years has been helping some of the UK’s largest retail wealth management platforms to implement and extend their capabilities. Mike joined FinoComp in 2017 as Head of Product and has been instrumental in its growth, working closely with clients, prospects and colleagues. His work embodies the culture and ethos on which FinoComp was founded. Part of the Bravura family since 2019, FinoComp continues to expand with exciting new software developments and imminent expansions to new regions and markets.
Mike Baker said: I am thrilled to be taking on this new role and look forward to building on the success of the business and working closely with the wider Bravura family. I have worked with Ray for over a decade and have been inspired by his energy and passion for developing truly innovative technology solutions. FinoComp has seen exceptional growth and we are well poised to further expand our global footprint as we deliver our technology solutions to new regions and markets.”
Nick Parsons, Bravura CEO said: “We are absolutely delighted to welcome Mike to his new role. Mike has a strong track record in technological innovation and is held in high esteem by our clients and peers. He has extensive experience of designing and building successful technology solutions and delivering ground-breaking innovative software to our industry. “
Parsons continued: “I would also like to extend my thanks to Ray Tubman. Ray’s commitment and determination have been instrumental in making FinoComp the successful business it is today. Instilling within FinoComp a strong culture of trust, integrity and respect, as well as a passion for cutting-edge technology Ray has also bought an incredible amount to Bravura in the two years since we acquired FinoComp helping us secure new projects and clients and spreading the message of microservices both within Bravura and our wider markets. We wish him all the best.”
Ray Tubman founded FinoComp in 2015, pioneering the development of software solutions for the wealth management sector according to the principles of Microservices architecture. Through his vision and thought leadership FinoComp has grown rapidly and is powering some of the largest retail platforms and wealth managers in the UK.
Ray Tubman said: “My decision to step down has come at a time when my wife and I are yearning to travel after the COVID lockdowns and to spend some time relaxing while still young enough to enjoy it. I would like to extend my sincere thanks to everyone for the support in making this a great company. I am extremely proud of the business we have built. I would also like to extend my full support and best wishes to Mike Baker. I am sure he will excel in taking the company forward and maintaining the culture that we have all worked hard to build.”
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Notes to Editors
FinoComp is a software development company which is owned by Bravura Solutions Limited, a leading provider of software solutions for the wealth management, life insurance, and funds administration industries.
FinoComp builds unique, registry agnostic and highly flexible software, for the wealth management, asset management and pensions industries, called Microservices. This approach is part of our DNA at FinoComp, where our standalone individual technology components offer unrivalled quality. FinoComp’s growing eco-system of Microservices include intermediary tools, back office components and regulatory tools that help platforms and wealth management firms adapt their propositions, reduce cost and meet their regulatory obligations.
FinoComp was acquired by Bravura Solutions Ltd in October 2019.
About Bravura Solutions Ltd
Bravura Solutions Limited is a leading provider of software solutions for the wealth management, life insurance, and funds administration industries. Our solutions are underpinned by functionally rich technology that enables modernisation, consolidation, and simplification. Our software solutions enable our clients to increase speed to market, provide a seamless digital experience and address ongoing changes in financial services regulation. Backed by over 30 years of experience, our on-premise, managed, hosted and cloud solutions are used by many of the world’s leading financial institutions, who entrust trillions of dollars in assets to our systems. We support our clients with a team of more than 1,400 people in 12 offices across Australia, New Zealand, United Kingdom, Europe, Africa, and Asia.
To learn more, visit www.bravurasolutions.com.