GBST (ASX:GBT), a leading provider of technology solutions to the financial services industry, today announces that it has signed an agreement with Alliance Trust Savings (ATS), a leading UK-based investment and savings platform, to deliver its GBST Composer platform. The internationally-recognised, award-winning GBST Composer solution will be fully integrated within the ATS business to improve their direct to customer (D2C) and intermediary propositions, deliver operational efficiencies and support the growth of the business.
ATS is a subsidiary of Alliance Trust PLC which is among the largest generalist investment trust companies in the UK and is one of the UK's leading financial services providers for private investors with over 5bln of assets under administration including, Pensions, General Investments and Share dealing services.
GBST and ATS have commenced the implementation of GBST Composer and expect to on-board the first intermediated new clients in the early part of 2015, followed by the migration of existing customers. This will result in the both the ATS intermediary and D2C platforms being fully administered on the GBST Composer solution.
Patrick Mill, Managing Director, ATS, said: “With the platform market expected to quadruple in size by 2020, there is a tremendous growth opportunity for those providers who are able to adapt and respond to customers’ changing needs. The overwhelming feedback from ATS customers and intermediaries is that while they believe in our products, our pricing structure and our customer service, we need to enhance our platform functionality in order to support their future requirements.
“Composer from GBST will allow us to continue to enhance our overall proposition, making it even easier for customers and intermediaries to do business with us over the long term. We chose GBST for the quality of its software, its ability to deliver the proposition to market, its experience of the platform market and the fact that it presents a good cultural fit with us as a business. We’re delighted to be working with them.”
Robert DeDominicis, CEO of GBST Wealth Management said: “For some time now GBST Composer has been recognised as market leading in the UK and this further endorses our technology and innovation capabilities. GBST Composer is ideally suited to consolidate the administration of multiple platforms onto a single technology solution.”