About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

GBST Completes Acquisition of Coexis, Williams and Shah Join Exec Team

Subscribe to our newsletter

Following the announcement of its intention to buy Coexis at the start of November, GBST, an Australian provider of securities transaction and fund administration software, has finally completed the acquisition. The vendor indicates that it has satisfied all the regulatory and legal requirements of the deal and will have a combined workforce of around 350.

Terry Williams, formerly executive chairman of Coexis will join the board of GBST and Sunil Shah, previously CEO of Coexis, will join the GBST executive team as CEO of Global Broker Services. The vendor says it will consolidate its UK operations with Coexis and UK Wealth Management (formerly Infocomp, which GBST acquired in August 2007) sharing a common infrastructure and corporate services in London.

Shah explains the next steps: “The goal now is to rapidly extend GBST’s global broker services by bringing to fruition our very strong sales pipeline and beginning the transition of all institutional broker services to a common technology platform.”

GBST indicates that it will continue to operate three core areas with the following four business units: Australian Broker Services, Wealth Management, Global Broker Services and Financial Services. The Global Broker Services business unit is based on Coexis’ Syn~ platform, which processes equities, derivatives, fixed income and managed funds transactions.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Solving the operations talent crisis

With financial services in the grip of the Great Resignation, operations – a function which has always found recruitment and retention of talent difficult – is facing challenging times. Business growth is a must, but with scaling comes the cost and complexity of additional headcount. How can you ensure that these constraints don’t hold your...

BLOG

A-Team Group Names Winners of Data Management Insight Awards – USA 2022

A-Team Group announced the winners of its inaugural Data Management Insight Awards – USA 2022 today. The awards were presented by highly respected capital markets participant Predrag Dizdarevic, partner at data management consulting and solutions provider Element22, after the close of A-Team Group’s Data Management Summit New York and during a lively drinks reception. These...

EVENT

TradingTech Summit London

Now in its 12th year the TradingTech Summit London brings together the European trading technology capital markets industry, to explore how trading firms are innovating in today’s cloud and digital based environment to create flexible, scalable trading platforms to support speed to market and business agility.

GUIDE

Regulatory Data Handbook – Fourth Edition

Need to know all the essentials about the regulations impacting data management? Welcome to the Fourth edition of our A-Team Regulatory Data Handbook which provides all the essentials about regulations impacting data management. A-Team’s series of Regulatory Data Handbooks are a great way to see at-a-glance: All the regulations that are impacting data management today A...