GBST restructures

Financial services specialist technology provider, GBST Holdings, has undertaken a restructuring which it says reflects its global growth.

The restructure sees the company separated into three business units - GBST Capital markets, based around its Syn platform, GBST Wealth Management, based around the Composer platform and GBST Financial Services which will be a wholesale provider of access to financial products.

In an announcement released on the Australian Securities Exchange (ASX) today, the company said GBST group chief executive and managing director, Stephen Lake had already relocated to Hong Kong to oversee its international expansion, Patrick Salis would take up the new role of group chief operating officer and move from London to Sydney in December.

The announcement said the Denis Orrock would move from Brisbane to London to take up the new position of CEO GBST Capital Markets, also in December.

The company's announcement said its global expansion was continuing and that the North American and Asian markets were considered to offer the best medium-term prospects for Syn, with opportunities currently being pursued in both Canada and the US.