Joining the executive team and reporting directly to Global CEO, Robert DeDominicis, Hall will spearhead business development and operations in the Australian region for the company’s Wealth Management and Advice Solutions products including Composer, WealthConnect and Advice Intelligence. His responsibilities encompass leadership of sales, product development, account management, and client delivery teams, with a primary focus on strategic execution and business growth.

Hall brings a wealth of experience to GBST, having previously served as Sales Director for SS&C Technologies, and holding key C-Suite positions at both Bravura Solutions and Midwinter Financial Services. His extensive background includes senior roles in wealth management and banking at EY, Van Eyk, Macquarie Bank, and Accenture.

DeDominicis said, “I am delighted to welcome someone of Jeff’s calibre to the team. With his 25-year track record of driving rapid growth, optimising operations, and delivering client goals and success, he is an invaluable addition to our leadership. Jeff has both intimate knowledge of the Australian wealth management administration and advice solutions space, and a clear commitment to client delivery and success.”

Commenting on his appointment, Hall remarked, “Now is the perfect time for me to join GBST. The strategic fit between my skills and the company’s vision is compelling, and there is immense potential to contribute meaningfully to GBST’s ongoing growth and evolution. GBST has experienced continuous positive momentum over the past few years, and its innovative approach, expanding suite of products, and robust leadership team has only reinforced my confidence in this decision.”

Hall joined GBST in January 2024.

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Ross, who has more than two decades’ experience in financial services technology, will lead the design and strategy of GBST’s managed cloud SaaS (Software as a Service) offering in line with the company’s strategy to further develop its suite of cloud-based technology including Composer, Catalyst and the recently acquired WealthConnect adviser practice management system.

Previously, Ross was Head of Infrastructure at Bravura, where he developed the cloud proposition and worked with multiple clients to direct their transition to cloud technology. He began his career at Aquila, providing technical consultancy services to pension clients, before spending over a decade at International Financial Data Services (IFDS) delivering complex, large-scale pension and platform projects.

Robert DeDominicis, global CEO at GBST, comments: “As part of our growth strategy, GBST is committed to delivering secure and resilient digital-first wealth management solutions that support our clients’ business ambitions. Ross’s experience in our sector, and his extensive knowledge of cloud technology, will be pivotal in the continued development and expansion of our suite of SaaS solutions.”

Ross says: “GBST’s SaaS technology delivers reliable, flexible, intuitive solutions that allow clients to scale while improving efficiency, consistency, and reducing risk. I’m excited to have joined this dynamic, passionate team, and am looking forward to building on GBST’s existing cloud-based managed services, to help accelerate digital innovation and generate even greater value for clients.”

Ross began his role at the start of June and is based out of London.

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Robert DeDominicis

GBST, a leading global provider of cloud-based Software as a Service (SaaS) wealth management technology, has announced the acquisition of WealthConnect, a digital advisor practice management, customer relationship management (CRM) and compliance system, based on Salesforce. With back-office administration and a front-end digital solution, WealthConnect streamlines workflows and helps advisors manage client relationships, portfolios, and administrative tasks more efficiently.

This acquisition marks a significant step in GBST’s continued growth strategy as it expands its innovative suite of fintech products and services to deliver business opportunities in new and existing territories.

With global regulators focused on ensuring that those closest to the client have the greatest responsibility to deliver better customer outcomes, advisor firms have a renewed and pressing need to provide efficient practice management services and demonstrate value for money. A big part of this lies in an organisations’ integrated technology infrastructure, irrespective of organisational size.

Robert DeDominicis, global CEO of GBST said: “We’re excited to welcome the WealthConnect team into the GBST family and connect our wealth management expertise and products with their advisor practice and CRM capabilities. This is the next logical step in our growth.

“As the importance of properly integrated fintech continues to grow, we have been assessing the adjacent wealth management CRM market for some time and WealthConnect stands out as being entirely complementary. Every day, thousands of advisors use GBST technology to execute investments, savings, and retirement decisions for their clients. The addition of WealthConnect broadens our suite of cloud-based technology offerings that will deliver innovation and efficiencies to advisory and wealth management businesses while driving better customer outcomes.”

Beau Dixon, Partner at Anchorage, and Chairman of the GBST Board said: “We’re delighted to support GBST in taking another significant step in its expansion strategy and further delivery of leading cloud-based solutions to clients.”

The acquisition of WealthConnect provides GBST with a complementary solution to its existing SaaS wealth management offerings including Composer, an expanded and market leading client base, access to a growing advisor platform market, entry into new geographic regions, highly skilled development resources, and a partnership with Salesforce – all providing a strong foundation for the company’s continued growth trajectory.

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Stacey will play a key role in developing and implementing corporate strategy – alongside GBST Board members from private equity firm Anchorage Capital Partners, its CEO, and the rest of the executive leadership team. There will be an emphasis on optimising financial performance, ensuring the effective management of capital and enhancing shareholder value. The role will also oversee the management of all finance functions and the delivery of relevant shared services for the company.

Stacey brings a depth and breadth of experience in finance, and a solid track record in managing finance teams. Her most recent role was as the CFO of Mainstream Group. Prior to that she held senior roles with Macquarie Telecom, Macquarie Group, Commonwealth Bank Australia and HSBC Bank.   

Marie was a Senior HR Business Partner at GBST, a role she had undertaken for one and a half years, and the perfect candidate for the newly created role of CPO. Her roles prior to joining GBST in 2020 included leading teams at Cuscal, eftpos Payments Australia, Institute of Chartered Accountants Australia, Kelly Services, and Cochlear. 

Marie said: “As the champion of all things People & Culture, I am looking forward to continuing to work with a team I know well, to implement a program that will increase employee engagement outcomes and drive an intentional culture shift aligned with our new strategic direction.”  

Robert DeDominicis, CEO at GBST, said: “I am delighted to welcome Stacey and Marie to the Executive Team and look forward to working alongside both to execute on the exciting growth and expansion plans we have for the wealth management market, both in Australia and internationally.”   

Stacey commences her role on 14 July and Marie has already commenced her new role. 

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Kirsty Worgan

GBST is pleased to announce the appointment of its new Chief Commercial Officer, Kirsty Worgan. Joining the executive team and reporting to global CEO Robert DeDominicis, Kirsty will contribute to delivering the organisation’s ambitious global growth strategy and lead the development and delivery of its wealth management commercial plans working closely with the CEO and Board.

Kirsty has worked in senior management and executive positions in financial services and fintech for three decades, including seven years at GBST previously as its Head of Business Development. Her former roles also include Director of Business Development EMEA at Bravura Solutions, where she was responsible for client acquisition in the UK and South Africa, and Chief Commercial Officer at Smart Pensions.

In her newly established role at GBST, Kirsty will manage commercial growth opportunities, mergers and acquisitions, and assist with sales and product expansion. She will support regionally based leaders to drive adoption of GBST’s market-leading and award-winning wealth management solutions, including back-office administration technology, Composer; tools and services for tax aware investing and intelligent reporting, TaxIntell and Tax Analyser; digital wealth platform, Catalyst; and a growing range of interactive financial tools and calculators.

Robert DeDominicis, CEO at GBST, comments: “Kirsty is well-known and highly regarded across the industry, and I am delighted to welcome her back to GBST. We are seeing increased interest globally in our wealth management solutions as providers seek to deploy a modern, cloud-based tech stack that delivers a superior client user journey and experience, while addressing increasing regulatory burdens and managing costs. Kirsty’s extensive experience will be invaluable in accelerating our organic and acquisitive expansion plans.”

Kirsty adds: “Having been part of the original team that helped establish GBST in the UK over a decade ago, I am excited to re-join the organisation. GBST has always been committed to continued technology innovation, but I have been particularly impressed by the significant investment and progress it has made in transforming its underlying product architecture over the last two years and by Anchorage’s ambition for the long-term future of the company.

“I’m looking forward to working with the GBST team globally to execute on its business plans and drive the continued commercial advancement and success of its operations.”

Kirsty commences her role this week.

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Robert DeDominicis

For the third consecutive year, GBST has been named in the top 100 most innovative companies across the wealth and asset management industry, cementing its position as a global leader.

The annual WealthTech100 list recognises the top technology companies that have had the most significant impact on the global asset management, wealth management and financial advice sectors, and which can be classified as world leaders in innovation.

Over the past year, GBST has once again continued to invest heavily in its technology advancement program, to transform underlying product architecture, development, and deployment practices. This has ensured it can continue to provide innovative solutions to solve industry challenges, increase efficiencies, improve automation, decrease operating costs, and provide more engaging client experiences to deliver better outcomes.

Robert DeDominicis, CEO at GBST, said: “While the past year has been challenging due to continued affects from the pandemic and a team that spent a significant amount of time working remotely, we have continued to operate successfully, winning new business, and supporting our long-term clients in keeping their vital back, middle and front-office financial systems running smoothly.

“At the same time, we have invested significantly in transforming the underlying technology for our Wealth Management administration platform, Composer, utilising cloud infrastructure to modernise the user experience, deliver additional functionality for our clients and their end customers and deliver a scalable solution for financial services providers to deliver growth now and in the future.

“Being recognised in the WealthTech100 list again is testimony to the quality of our market-leading solutions, the delivery of our services, and the incredible experience and dedication of our teams globally,” he said.

There are strong structural growth drivers in the global wealth management space which are set to significantly increase GBST’s addressable market. Growing competition and higher regulatory burdens are making technology and innovation increasingly central for the future of the industry, and with increasing interest in GBST’s wealth management solutions, and a growing pipeline of opportunities, this is evident.

DeDominicis said active accounts on GBST’s wealth management platform, Composer, experienced double-digit growth in 2021 to reach over 5.5 million globally and GBST’s technology is trusted to underpin the wealth administration of leading investment platforms, pension schemes, fund managers and superannuation funds across Europe, North America, Australia, and New Zealand.

“Our acquisition by Anchorage Capital Partners in December 2021 opens a new and exciting chapter for GBST, building on the strong foundations of our almost four decades in the wealth management sector. The support from Anchorage will allow us to achieve our ambitious expansion plans and continue to innovate and further develop new cloud-based solutions for existing and prospective clients,” said DeDominicis.

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