GBST makes US breakthrough
Publicly-listed financial services technology provider GBST Holdings Limited has extended its foothold in the US.
The company announced this week that it had secured its first direct client for its GBST SYN platform — Raymond James Equity Capital Markets.
It said its new US customer would implement the latest version of GBST SYN~3.0 to replace existing legacy systems and manual processes, and introduce rules-driven pre-settlement processing including integrated, real-time institutional commission management facilities.
Announcing the development, GBST said it had created a new position in the US — chief executive officer, North America, which would be filled by Liz Bevan.
GBST group chief executive and managing director Stephen Lake said the move represented a positive achievement.
"This is proof that our approach to develop flexible global technology solutions that solve industry challenges is being acknowledged by our industry peers," he said.
"We look forward to making further announcements in Europe and Asia Pacific later this year."
Bevan will be based in the company's New York office and be responsible for driving and delivering overall business growth and targeted demand-generation.
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