Posted in: Wealth Management Administration
A leading global investment bank and GBST client for more than 20 years, has upgraded to the latest version of Composer and completed a seamless 4-month migration onto Amazon Web Services (AWS) cloud.
Rob DeDominicis, CEO at GBST, said, “We are delighted to have enabled this premier wrap provider to adopt a cloud-first approach to wealth management. As their long-standing superannuation and pension solution, it has been a privilege to facilitate their seamless transition onto the cloud. We look forward to what the future holds.”
“Composer had previously been installed on our client’s in-house architecture, and the recent deployment of our latest version moves them onto a single source of truth in the cloud, providing greater reliability and resilience, increased scalability, and improved security”, DeDominicis explains. “It does so all while allowing for updates to be released more efficiently, thereby reducing operational risk and ongoing costs”, he adds.
GBST has collaborated with AWS for several years and recently joined the AWS Partner Network (APN) within the Independent Software Vendors (ISV) pathway. This growing partnership has empowered GBST to further develop deep expertise while working together across wealth management solutions to provide a flexible, pay-as-you-go Software as a Service (SaaS) that enables a faster implementation of continuing developments.
Composer offers a comprehensive suite of solutions to streamline the administration of wealth management products from the distribution channel through to the back-office. The client-centric platform can administer and aggregate multiple investment products and asset types from simple to comprehensive propositions, covering the cradle-to-grave approach to account for every possible touchpoint in the customer journey. It supports multiple entities and various operating models, covering all distribution models – direct, advised, employer, and third-party administration.