Decimal, Bravura unveil appointments

19-May-2017

By Daniel Paperny

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Decimal Software announced former chief of the Association of Superannuation Funds of Australia (ASFA) and industry veteran Pauline Vamos will join as a non-executive director, as the software giant seeks to make significant inroads in the superannuation sector.

Decimal chairman Mark Potts noted the addition of Vamos to the board was aligned with the company’s strategic plans to expand its presence in the super industry by helping drive better engagement with fund members through the provision of digital advice.

“Ms Vamos is highly regarded globally for her integrity as an executive leader and ambassador in financial services, complemented by her extensive superannuation knowledge and expertise,” Potts said.

Vamos, who was chief of ASFA for nine years until stepping down last year, was previously the director of financial services regulation, licensing and business operations at ASIC.

Commenting on her new role, Vamos welcomed the opportunity to help Decimal shape the sector’s transition towards improved forms of member engagement driven by technology.

She said that while realising genuine member engagement was a persistent challenge for many funds in the industry, the potential of digital advice and scalable technology meant that more members could access advice in an “objective, cost effective and convenient” way.

By reinforcing the value of member engagement through technology, Vamos also said the industry could move towards delivering better outcomes for its members.

“As chief executive of ASFA, I spent a lot of time leading the conversation with funds and providers on the need to innovate their engagement models,” Vamos said.

“What’s also particularly exciting is its [digital advice’s] appeal for women, who for various reasons had limited access to the ability to guide their own financial decisions.”

Elsewhere, financial software provider Bravura Solutions has also expanded its executive leadership team with the recent appointment of Ramarao Velpuri as global head of engineering for its wealth management division.

Velpuri will be tasked with overseeing the next phase of Bravura’s wealth management software, Sonata, as well as enhancing the company’s development capabilities and leading software engineering globally for the business.

The appointment comes as Bravura enters a new phase of growth, with continued client interest in the Asia Pacific region, the company confirmed.

Before joining Bravura, Velpuri was vice president of cloud-based mortgage technology solutions provider Capsilon Corporation.

He has held senior executive roles at CA Technologies and Oracle where he ran global product development.

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