- 8 February 2016 10:25
GBST Signs Long Term Contract Extension with Baillieu Holst
In the three years since the Baillieu Holst merged partnership was finalised, the organisation has extended its use of GBST Shares™ across its combined operations. The firm has experienced a growth rate of 50 percent to 33,000 CHESS clients, watched its adviser numbers continue to increase and it has also opened offices in Adelaide and Brisbane. As the GBST Shares™ platform has performed reliably and scaled effortlessly to the task, Baillieu Holst had no hesitation in continuing the relationship with GBST.
Gavin Powell, Baillieu Holst Ltd Managing Director said. “GBST has become integral to the way we operate our entire business. The platform has proven its reliability and scalability, and that it is comfortably able to cope with the changes in scope of our business. And GBST works closely with us on initiatives to keep improving the data we can extract from the system. It was easy for us to continue with them.”
GBST continues to work closely with Baillieu Holst on the development of adviser, front end reporting and technical communications.
“We are differentiated by our superior service and results. So it’s crucial our advisors have best tools. As our core technology platform is outsourced to a trusted partner, we can focus everything on our clients and on identifying the trading opportunities through which we can optimise their wealth. And through excellence we can secure a profitable future for Baillieu Holst,” Powell said.
This broking firm was initially impressed by the GBST Shares™ platform’s rare ability to retain life time balances as it rolled Baillieu Holst’s existing data into the new system, and the ability to transition contract notes from its previous back office into GBST Front Office™. Advisors have immediate and seamless access to their information and can quickly interrogate their entire client base on the fly to identify opportunities.
On a deliberate expansion path, Baillieu Holst’s GBST Shares™ platform has underpinned its growing presence in the Sydney retail banking market as well as its opening of new branches in Queensland and South Australia.
Denis Orrock, Chief Executive, GBST Capital Markets said: “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. Not skipping a beat during the transition of both firms to GBST Shares™, and retaining all data, including enquiries in train, has certainly helped contribute to the positive growth levels of customers and funds under management. Opportunities have certainly been capitalised.”
Note for Editors:
Photograph of Denis Orrock available on request
About Baillieu Holst Ltd – www.baillieuholst.com.au
In October 2012, Victorian headquartered EL & C Baillieu Stockbroking Ltd and FW Holst & Co Pty Ltd merged to form Baillieu Holst Ltd in a move that has created a group serving in excess of 50,000 clients and with total funds under advice of $8 billion. The merger of E.L. & C. Baillieu, established in 1889, and Holst, which traces its history back to 1893, creates a dynamic, Australian owned investment advisory and stockbroking firm, combining their experience and expertise in retail and institutional broking, wealth management, strategic financial planning, equity research and corporate services. It has offices in Melbourne, Sydney, Brisbane, Adelaide, Bendigo, Geelong, Newcastle and Perth as well as affiliations in Europe, Asia and North America. Baillieu Holst is a participating organisation of ASX Group, Chi-X Australia and NSX Ltd.
About GBST - www.gbst.com
GBST (ASX: GBT), provides global technology services to the financial services industry, addressing our clients’ constant needs for innovation, competitiveness and responsive IT that truly enables business. Listed on the Australian Securities Exchange, GBST is headquartered in Brisbane and has offices in Australia, United Kingdom, Hong Kong and Singapore.
Denis Orrock, Chief Executive of GBST Capital Markets is quoted in this press release. For further questions, please email email@example.com
PR for GBST: Cathryn van der Walt, 12 Worlds
T: + 61 402 327 633