Bravura Solutions (ASX: BVS) confirmed Colin Greenhill had commenced as Group CEO. The appointment marks the end of an interim period and signals a fresh direction for the wealth management software provider.
The Bravura Solutions CEO change took effect on 1 January 2026, with Greenhill based in the Company’s London office. Shezad Okhai, who had served as Interim CEO, returned to his role as Non-Executive Director.
Colin Greenhill Begins Role as Bravura Solutions CEO
Colin Greenhill commenced as Group CEO of Bravura Solutions on 1 January 2026. The appointment follows the Company’s announcement on 29 September 2025 that the CEO search had progressed. Greenhill operates from Bravura Solutions’ London office, positioning him at the centre of the Company’s largest revenue-generating region.
   
Figure 1: Bravura Solutions Group CEO Colin Greenhill. [Australianfintech]
The new Bravura Solutions CEO takes charge of a business serving the wealth management, life insurance, and funds administration industries. The Company provides software solutions that enable modernisation, consolidation, and simplification for financial institutions. Greenhill inherits a platform supporting trillions of dollars in assets held in accounts globally.
Bravura Solutions operates with approximately 1,000 people across Australia, New Zealand, the United Kingdom, Europe, Africa, and Asia. The BVS executive appointment places Greenhill at the helm of a geographically diverse organisation. His London base reflects the importance of the European markets to overall Company performance.
Shezad Okhai Returns to Board Role
Shezad Okhai ceased his appointment as Interim CEO on 1 January 2026. He returned to his role as Non-Executive Director and continues to be classified as a non-independent director. This transition had been flagged since September 2025, when Bravura Solutions announced progress on the CEO search.
Figure 2: Bravura Solutions Non-Executive Director and former Interim CEO Shezad Okhai. [Bravura Solutions]
Okhai’s interim period saw Bravura Solutions deliver significant financial improvements. The Company achieved underlying cash EBITDA of $43.8 million in FY2025, representing a 17% cash EBITDA margin. This compares to $10.0 million and 4.0% margin in FY2024. The second half of FY2025 showed 18% cash EBITDA margin, up from 16% in the first half.
The BVS executive appointment of Greenhill as permanent CEO allows Okhai to focus on board-level governance. His continued presence as Non-Executive Director provides continuity during the leadership transition. The Board of Directors authorised the announcement, indicating unified support for the new structure.
Bravura Solutions FY2025 Performance Ahead of CEO Transition
Bravura Solutions delivered 3.1% year-over-year revenue growth in FY2025. On a constant currency basis, growth stood at 0.7%. The Company ended the year with $.7 million in cash and no debt. Operating cash flow reached $100.6 million, significantly improved from $30.2 million in FY2024.
The Company distributed a final FY2025 dividend of $13.1 million (2.92 cents per share) and a special dividend of $8.0 million (1.79 cents per share). The special dividend is related to net profit after tax from a perpetual licence agreement with Fidelity International. Total distributions to shareholders in FY2025 exceeded $120 million when including earlier capital returns.
Figure 3: Bravura Solutions operating expense breakdown for FY2025. [Bravura Solutions]
Operating costs decreased to $208 million in FY2025 from $224.6 million in FY2024. Employee expenses, including capitalised costs, fell to $155.5 million from $169.4 million. The cost reduction program delivered results while maintaining approximately 1,000 employees globally. These improvements provide the new Bravura Solutions CEO with a leaner operating base.
Share Price and Market Position
Bravura Solutions trades at $2.585 per share with a market capitalisation of $1.15 billion. Over the past 52 weeks, shares have ranged between $1.860 and $3.510. The current price sits in the lower half of this range, suggesting the market awaits evidence of strategic execution under new leadership.
Figure 4: Share price performance over the past six months. [ASX]
The Company expects to purchase or issue 6.8 million shares across FY2026 and FY2027 to satisfy outstanding rights and options for employee incentive plans. The aggregate strike price of options currently on foot totals $3.8 million. Net cash outflow will depend on whether Bravura Solutions purchases shares on the market or issues new shares.
Property, plant, and equipment capital expenditure is expected to be between $2 million and $3 million in FY2026. This modest capex requirement reflects the software-focused nature of the business. The BVS executive appointment occurs against a backdrop of disciplined capital allocation and strong cash generation.
FAQ
Q1. When did Colin Greenhill commence as Bravura Solutions CEO?
Ans. Colin Greenhill commenced as Group CEO of Bravura Solutions on 1 January 2026, operating from the Company’s London office.
Q2. What happened to the previous Bravura Solutions CEO?
Ans. Shezad Okhai ceased his appointment as Interim CEO on 1 January 2026 and returned to his role as Non-Executive Director, continuing to be classified as a non-independent director.
Q3. Where is the Bravura Solutions CEO based?
Ans. The new Bravura Solutions CEO Colin Greenhill is based in the Company’s London office.
Q4. What is Bravura Solutions’ current share price and market capitalisation?
Ans. Bravura Solutions currently trades at $2.585 per share with a market capitalisation of $1.15 billion, within a 52-week range of $1.860 to $3.510 per share.
