London – GBST, a leading global provider of wealth management and advice solutions for the financial services industry, has seen UK assets on Composer, its wealth administration SaaS solution, surpass £200 billion.
Year on year to end September 2024, Composer has seen UK assets grow by nearly a fifth (18%) to reach £205 billion, with nearly 4 million active investor accounts on the platform. The growth reflects the continued success of GBST’s long-standing UK wealth clients as well as new clients coming on to the platform. It demonstrates the firm’s compelling proposition, including the multi-million-pound transformation of Composer to the latest cloud-based technology and expanded range of services through its partnership with Wipro for business process outsourcing.
David Simpson, Head of EMEA at GBST, commented: “The continued growth in UK assets and active accounts on Composer over the last year stems from the ongoing success of our clients. It highlights the strength and longevity of GBST’s client relationships, as well as our ability to attract new clients. We’re committed to continued technology innovation and have invested significant resources over the last few years in transforming Composer into a modern, secure and scalable wealth administration SaaS platform.
“Passing the £200 billion UK asset milestone is further proof of Composer’s competitiveness, helping investment platforms and pension providers grow and increase efficiency, ensure regulatory compliance and lower technology operating costs. Our strategic partnership with Wipro further extends our services, providing an attractive choice for wealth management organisations assessing their end-to-end administration needs, and we look forward to working together to cement our leading position in wealth management technology.”
Read more about GBST’s wealth management administration platform, Composer for EMEA.
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Posted in: Wealth Management Administration
