Share Prices & Company Research

Market News

09 Apr 2019 | 07:29

Brewin Dolphin to fork out about £35m over 10 years to replace current settlement system

Brewin Dolphin signed an agreement with Avaloq to replace its core custody and settlement system.

The contract was for an initial 10-year term and covered installation, ongoing support and maintenance. This contract formed part of an overall programme with costs estimated at circa £35m, which would be amortised over 10 years, the company said. The implementation of Avaloq software would significantly enhance Brewin Dolphin's technology infrastructure and was a key component of the strategic investment that the group was making to enrich its services and client proposition.

The group in November last year announced its intention to replace the current system.



Story provided by StockMarketWire.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.