GBST extends partnership with Baillieu Holst

8 February 2016
| By Daniel Paperny |
image
image
expand image

Securities transaction and fund administration software provider, GBST, has entered an end-to-end managed services agreement with financial advisory firm, Baillieu Holst Limited.

The contract is an extension of GBST's current partnership with Baillieu Holst and sees the financial advisory firm continue to deploy the GBST Shares equities clearing and settlement platform and GBST Front Office solutions across its combined operations.

Baillieu Holst managing director, Gavin Powell, said the firm was initially impressed by the GBST Shares platform's capabilities in retaining life time balances as it rolled Baillieu Holst's existing data into the new system.

"[GBST's] platform has proven its reliability and scalability and that it is comfortably able to cope with the changes in scope of our business," Powell said.

"GBST works closely with us on initiatives to keep improving the data we can extract from the system."

GBST Capital Markets chief executive, Denis Orrock, said Baillieu Holst's deployment of GBST Shares platform has seen its growing penetration in the Sydney retail banking market, which was underpinned by the opening of new branches in Queensland and South Australia.

"Full service brokerage needs full service capabilities and the integrated benefits of the GBST platform and solutions range is certainly highlighted within the Baillieu Holst operations," Orrock said.

"Retaining all data … has certainly helped contribute to the positive growth levels of customers and funds under management."

GBST confirmed it will continue to work closely with Baillieu Holst on the development of adviser, front end reporting and technical communications.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 5 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 day ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 3 days ago