GBST Holdings Strengths, Domain Expertise, and Key Differentiators
GBST provides innovative technology and digital solutions tailored to empower, facilitate, and expand wealth management and advisory organizations on a global scale.
In late 2023, GBST further refined the model portfolio functionality within Composer, aiming to enhance usability and assist advisors and Discretionary Fund Managers (DFM) in reducing delays and streamlining manual processes associated with model portfolio management. Leveraging GBST's Composer wealth management administration platform, firms have long benefited from efficient administration of model portfolios at scale. This platform enables users to seamlessly create, update, and rebalance models, either individually or in bulk, while efficiently servicing multiple clients with just a few clicks.
GBST Holdings Recent Developments
In February 2024, GBST unveiled notable enhancements to its Salesforce-based WealthConnect product, reaffirming GBST's dedication to providing state-of-the-art solutions to the adviser market. WealthConnect remains at the forefront of redefining the client experience across the retirement planning and advisory lifecycle. Key features include advanced strategy modeling featuring entity tax projections, an enhanced onboarding capability, and seamlessly integrated service delivery tracking functionalities.
GBST Holdings Mergers and Acquisitions (M&A) Activities
In May 2023, GBST augmented its fintech solutions suite through the acquisition of WealthConnect, a comprehensive digital advisor practice management, customer relationship management (CRM), and compliance system built on the Salesforce platform. WealthConnect offers seamless integration between back-office administration and front-end digital solutions, thereby optimizing workflows and enhancing advisors' capabilities in managing client relationships, portfolios, and administrative tasks with heightened efficiency.
This acquisition signifies a pivotal advancement in GBST's ongoing growth strategy, demonstrating its commitment to expanding its portfolio of innovative fintech products and services. By incorporating WealthConnect into its offerings, GBST is poised to unlock new business opportunities in both established and emerging markets.
In March 2022, FNZ, the global wealth management platform, successfully concluded the re-acquisition of GBST's esteemed capital markets division from Anchorage Capital Partners. This transaction follows last year's divestment of the broader GBST business to Anchorage. As a result, FNZ has integrated GBST's highly skilled capital markets team and its renowned product suite into its operations. This suite is celebrated for its proven, seamless, and scalable real-time trade and settlement processing capabilities on a global scale. This strategic acquisition positions FNZ to enhance its product and service offerings for both existing and prospective clients, thus catalyzing growth and advancing its mission of democratizing wealth management services for a wider audience.
GBST Holdings Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying GBST Holdings applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of GBST Holdings and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified GBST Composer, Composer API, GBST Catalyst, Illustrate API customers.
GBST Holdings Overview
Level 5, 55 Market Street
Sydney, NSW, 2000, Australia
61 2 9253 6555
https://www.gbst.com/
Ownership: - x
Number of Employees: 600
Functional Markets: CRM, ERP Services and Operations, TRM,
Key Verticals: Banking and Financial Services, Life Insurance, P&C Insurance, Specialty Insurance,
GBST Holdings Key Enterprise and Cloud Applications
GBST Composer, Composer API, GBST Catalyst, Illustrate API
GBST Holdings Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
GBST Holdings Revenue Breakdown By Type, $M:
GBST Holdings Enterprise Applications Revenues By Functional Markets, $M:
GBST Holdings Enterprise Applications Revenues By Verticals, $M:
GBST Holdings Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
GBST Holdings Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
GBST Holdings Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified GBST Holdings Customers
No. of GBST Holdings Customers: x
No. of GBST Holdings Enterprise Applications Customers: x
No. of GBST Holdings Cloud Customers: x
No. of GBST Holdings Cloud Subscribers: x
GBST collaborates with a diverse array of businesses and stakeholders across the global financial markets, encompassing wealth managers, institutional and retail brokers, custodians, investment bankers, margin lenders, and various others.
Notable client wins for GBST include China Merchant Bank, Qantas Super, CMC, D2MX, Investec, Vitality, Retirement Advantage (a subsidiary of Canada Life), among numerous others. Additionally, GBST has extended its contractual arrangements with longstanding clients such as Just Retirement. Moreover, GBST has forged a strategic partnership with Investec Click & Invest, providing them with GBST's Composer back-office platform to support their Personal Pension administration technology needs.
GBST Holdings Market Opportunities, M&A and Geo Expansions
In early 2024, GBST reinforced its executive leadership by appointing Jeff Hall to the role of Head of APAC, tasked with spearheading strategic growth initiatives and ensuring client success across the Asia-Pacific region. In his capacity, Hall assumes leadership over sales, product development, account management, and client delivery teams, with a primary objective of driving strategic execution and fostering business expansion.
Hall brings a wealth of industry expertise to GBST, drawing from his distinguished career which includes serving as Sales Director for SS&C Technologies and occupying key C-suite positions at Bravura Solutions and Midwinter Financial Services. His extensive background encompasses senior leadership roles in wealth management and banking at reputable firms such as EY, Van Eyk, Macquarie Bank, and Accenture.
GBST Holdings Risks and Challenges
The long-term growth trajectory of GBST may be influenced adversely by competition from full-service brokerage firms and emerging fintech startups.
GBST Holdings Ecosystem, Partners, Resellers and SI
GBST maintains a robust presence in both Asia and the United Kingdom, primarily conducting sales through its proprietary direct sales team.
GBST Holdings Cloud Infrastructure Insights
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- GBST Holdings Public Cloud and Infrastructure (IaaS)
- GBST Holdings Platform (PaaS)
- GBST Holdings Application Delivery
- GBST Holdings Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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