FAQs

What services will the partnership between GBST and Winpro offer?

The partnership will offer end-to-end administration services for firms transitioning from legacy IT environments. This includes technology, cyber, risk, and business operations.

Why is the collaboration between GBST and Winpro important for the industry?

Organizations often face challenges in managing legacy IT systems and multiple service providers simultaneously. This partnership addresses this critical need within the industry.

What happened with GBST and FNZ in the past?

GBST was sold by rival FNZ at the end of 2021 after the Competition and Markets Authority (CMA) blocked FNZ’s acquisition of GBST. FNZ was allowed to reacquire GBST’s capital markets division.

Conclusion

The strategic partnership between GBST and Winpro marks a significant milestone for the wealth management industry. By combining GBST’s Composer wealth management administration platform with Winpro’s outsourced administration and contact centre services, firms can benefit from a modern, scalable solution to manage their legacy IT environments. This collaboration showcases the importance of adapting to changing market dynamics and delivering innovative solutions to meet the evolving needs of the industry.