2021 Alumni Award for Innovation & Entrepreneurship
A prodigiously talented innovator, Ray Tubman’s leading-edge technology solutions have revolutionised the wealth management industry and established him as a trailblazer in the field of wealthtech.
Ray cut his teeth in the wealth management industry soon after graduating with a Bachelor of Mathematics from UOW in 1988, leading the London-based technology team managing British Airways’ pensions software. Within a year, he had returned to Australia to embark on his entrepreneurial journey. Co-founding InfoComp, he became chief architect and designer of Composer, a ground-breaking integrated administration platform for wealth management companies.
Under Ray’s vision and leadership, Composer became widely regarded as Australia’s leading funds administration solution and the platform of choice for large blue-chip firms including Blackrock, Credit Suisse, Macquarie Bank, JPMorgan and more. He led the company’s successful international expansion into the United Kingdom, remaining Head of Product Strategy, Wealth Management, after GBST acquired InfoComp in 2007.
In 2015, Ray left GBST and founded Illawarra-based software company FinoComp and enacted the next stage of his bold vision to disrupt the wealth management sector. FinoComp’s game-changing microservices technology replaces traditional monolithic solutions with scalable, nimble microservices, delivering unparalleled integration, functionality and flexibility for top-tier clients worldwide. The product has generated significant gains in a tightly held market, with strong year-on-year growth and a multi-million-dollar business pipeline spanning at least the next 10 years.
Ray’s technical and market development expertise and relentless challenging of the status quo has ushered in a bright new era in the conservative wealth management industry. Ever prescient, he finds opportunities and niches unseen by others and anticipates client needs before they are even aware of them. Industry and the media seek him out for his expertise and insights, and Ray has been recognised internationally through programs including the Goodacre UK Systems in the City Financial Awards. FinoComp has made both Deloitte’s Technology Fast 50 companies in Australia and the global WEALTHTECH 100 and won numerous Illawarra Business Awards.
Driven to support the next generation, Ray employs predominantly UOW graduates, serves on the UOW Bachelor of Data Science and Analytics Industry Panel and participates in a host of University initiatives, from summer internship programs to career expos and trade shows. He also supports a diversity of community causes, assisting charities including the Red Cross, Stay Kind, Orange Sky, Need a Feed, Illawarra Shoalhaven Suicide Prevention and the Red Cross Farmers Appeal and donating hundreds of meals to frontline healthcare workers during the pandemic.
Chancellor, Ray Tubman is a genuine asset to the wealth management industry, the Illawarra entrepreneurial community, UOW and our region more broadly, and a powerful embodiment of our institution’s values.
It is a great honour to present Ray Tubman for the Alumni Award for Innovation and Entrepreneurship.