Draft:GBST Holdings Limited
Submission declined on 12 June 2025 by MCE89 (talk).
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| Submission declined on 9 June 2025 by Lijil (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are:
This submission is not adequately supported by reliable sources. Reliable sources are required so that information can be verified. If you need help with referencing, please see Referencing for beginners and Citing sources. Declined by Lijil 12 days ago. | |
Comment: Not clear why this company would be notable, and the references are mostly either to dead links (404 errors) or to completely irrelevant articles. Lijil (talk) 18:14, 9 June 2025 (UTC)
- Comment: In accordance with the Wikimedia Foundation's Terms of Use, I disclose that I have been paid by my employer for my contributions to this article. FreddieFindlater (talk) 16:03, 9 June 2025 (UTC)
| Company type | Privately held company |
|---|---|
| Industry | Financial technology |
| Founded | 1983 (as Star Systems) |
| Headquarters | Sydney , Australia |
Key people | Rob DeDominicis (CEO) |
| Products | Composer wealth management platform |
| Owner | Anchorage Capital Partners |
| Website | www |
GBST Holdings Limited is an Australian financial technology company headquartered in Sydney, specialising in software for wealth management, pensions, and superannuation administration. Established in 1983 as Star Systems, GBST listed on the Australian Securities Exchange (ASX) in 2005 and has expanded internationally through several acquisitions. It was acquired by FNZ in 2019 and later restructured following regulatory intervention. GBST is now privately held and backed by Anchorage Capital Partners, serving more than 100 organisations worldwide and managing platforms supporting over 5.5 million investor accounts.[1]
History
[edit]GBST was founded in 1983 as Star Systems, initially developing software for the Australian stockbroking industry. It later became known as GBST. The company listed on the Australian Securities Exchange (ASX) on 28 June 2005,[2] expanding internationally through acquisitions and organic growth.
In 2007, GBST acquired Infocomp, an Australian software provider specialising in registry and investment administration systems.[3]
In 2008, it acquired Coexis, a UK-based capital markets software provider, significantly expanding its European footprint.[4]
In 2011, GBST acquired Emu Design, a Brisbane-based digital design consultancy, to enhance its front-end user experience and digital engagement capabilities. The business now operates as GBST Digital.[5]
In 2019, GBST was acquired by FNZ, a global wealth management platform provider.[6] Trading in GBST shares on the ASX was suspended on 18 October 2019, and the company was officially delisted on 7 November 2019 following the acquisition.[7] Following a review by the UK Competition and Markets Authority, GBST’s wealth management business was divested to Anchorage Capital Partners, while FNZ retained the capital markets division.[8][9]
In 2021, GBST acquired WealthConnect, a Salesforce-native advice software platform, to expand its digital advice and CRM integration capabilities.[10]
In 2023, it acquired Advice Intelligence, a financial advice software provider, further strengthening its position in the digital advice sector.[11]
In 2024, GBST announced a strategic partnership with Wipro, aimed at providing outsourced administration services to superannuation and wealth management firms in Australia. Clients under this partnership include TPT Retirement Solutions and Wealthtime.[12][13]
Products and Services
[edit]GBST's core offering is Composer, a wealth management platform used by superannuation funds, pension providers, and investment platforms. Composer supports the administration of accumulation, decumulation, and retirement income products, and integrates with external data providers and digital front-ends.
The company also offers digital advice and client engagement tools through its acquisitions of WealthConnect and Advice Intelligence. WealthConnect is a Salesforce-native platform designed to streamline financial planning and CRM workflows.[10] Advice Intelligence provides goals-based financial advice software that supports client onboarding and interactive modelling.[11]
The company previously provided capital markets technology used by brokers and investment banks, including post-trade processing and settlement systems. This division was retained by FNZ following the partial unwinding of the 2019 acquisition.[9]
Clients
[edit]GBST's clients include a range of financial institutions across wealth management, superannuation, pensions, and investment services. Its technology supports the administration and servicing of investor accounts for firms operating in Australia, the United Kingdom, and other international markets.
While the company does not publicly disclose all client relationships, various partnerships and platform implementations have been reported in independent news sources and trade publications.[13][14][15]
These references indicate that GBST’s technology is used by:
- Pension and superannuation administrators
- Investment platforms and fund managers
- Financial planning and advisory networks
- Insurance and life companies
- Custodians and outsourced administration providers
GBST’s core product, Composer, is positioned as a configurable platform supporting accumulation, decumulation, retirement income, and drawdown products, with integration to third-party data providers and digital engagement tools.
Industry Presence and Recognition
[edit]GBST has been repeatedly referenced in independent financial and technology media for its contributions to the evolution of wealth management platforms. Its core product, Composer, is used by large-scale administrators across superannuation, pensions, and investment platforms in Australia and the United Kingdom.[13][14]
In 2019, GBST was acquired by global wealth platform provider FNZ in a transaction valued at £150 million.[16] The acquisition led to a major regulatory inquiry by the UK's Competition and Markets Authority (CMA), which required FNZ to divest GBST’s wealth business due to concerns about market competition.[8] The prominence of this case highlighted GBST’s strategic significance in the fintech and wealth administration sectors.
GBST's recent partnerships include a collaboration with Wipro to offer outsourced administration services to superannuation and wealth firms.[17] This partnership has been adopted by organisations including TPT Retirement Solutions and Wealthtime, further evidencing the market relevance of GBST’s offering.[12]
Partnerships
[edit]In March 2024, GBST and Wipro announced a strategic partnership to offer a combined outsourced administration solution for the Australian superannuation market. The move was positioned as a response to cost pressures, operational complexity, and increasing regulatory scrutiny within the sector. Clients under this partnership include TPT Retirement Solutions and Wealthtime.[12][13]
Corporate Affairs
[edit]GBST is a privately owned company backed by Anchorage Capital Partners. The company’s current structure and ownership follow a series of acquisitions and divestments in the late 2010s and early 2020s, including its acquisition by FNZ and subsequent restructuring. These developments are detailed in the History section. GBST is headquartered in Sydney, with offices in London and a technology development centre in Ho Chi Minh City, Vietnam.[18] Rob DeDominicis serves as Chief Executive Officer.[19]
References
[edit]- ^ Once, Liezel (2024-07-03). "Wipro and GBST partner to transform wealth management services - Outsource Accelerator". Outsource Accelerator. Archived from the original on 2024-07-05. Retrieved 2025-06-10.
- ^ https://www.annualreports.com/HostedData/AnnualReportArchive/G/ASX_GBT_2005.pdf
- ^ "GBST acquires InfoComp". Finextra Research. August 2, 2007.
- ^ A-Team (2008-12-15). "GBST Completes Acquisition of Coexis, Williams and Shah Join Exec Team". A-Team. Retrieved 2025-06-10.
- ^ "Emu Design (QLD) 2025 Company Profile: Valuation, Investors, Acquisition | PitchBook". pitchbook.com. Retrieved 2025-06-10.
- ^ Kimathi, Sharon (30 July 2019). "FNZ acquires GBST after £150m deal". Fintech Futures. Retrieved 10 June 2025.
- ^ https://www.asx.com.au/asxpdf/20191106/pdf/44b9xjp88rqn3v.pdf
- ^ a b "FNZ / GBST merger inquiry". GOV.UK. January 18, 2022.
- ^ a b "FNZ completes the re-acquisition of GBST's Capital Markets Division". FNZ. March 31, 2022.
- ^ a b "GBST acquires WealthConnect". Finextra Research. 2023-05-02. Retrieved 2025-06-10.
- ^ a b https://www.moneymanagement.com.au/news/financial-planning/gbst-acquires-advice-intelligence
- ^ a b c "TPT partners with GBST & Wipro for pension administration". IBS Intelligence.
- ^ a b c d https://citywire.com/new-model-adviser/news/wealthtime-picks-gbst-and-wipro-for-platform-tech-upgrade/a2452714
- ^ a b https://www.professionaladviser.com/news/4212391/aegon-platform-selects-gbsts-composer-tech
- ^ "Generation Life launches retirement income product". Financial Standard. May 25, 2022.
- ^ "FNZ acquires GBST after £150m deal". www.fintechfutures.com.
- ^ https://www.outsourceaccelerator.com/articles/wipro-gbst-wealth-management/
- ^ https://www.gbst.com/contact-us/
- ^ https://www.gbst.com/about/leadership/
External links
[edit]Category:Financial software companies Category:Companies based in Sydney Category:Australian companies established in 1983 Category:Private equity portfolio companies
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