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Alliance Trust Savings signs agreement with GBST to provide platform solutions

Alliance Trust Savings (ATS), the leading investment and savings platform, has today announced that it has signed an agreement with GBST to deliver its platform technology solution.  GBST is a leading global provider of securities transaction and online trading technology.

The technology will be fully integrated within the ATS business to improve the customer and Intermediary proposition, deliver operational efficiencies and support the growth of the business.

ATS is currently working through the integration programme with GBST, and aims to launch the new technology for Intermediary new business in the early part of 2015, followed by the migration of existing customers towards the end of next year. In the meantime it is business as usual with growth and customer acquisition planned during 2014.

Patrick Mill, Managing Director, ATS, said, “With the platform market expected to quadruple in size by 2020, there is a tremendous amount of growth opportunity for those providers who are able to adapt and respond to customers’ changing needs.  The overwhelming feedback from ATS customers and intermediaries is that while they believe in our products, our pricing structure and our customer service, we need to enhance our platform functionality in order to support their future requirements.

“The composer software from GBST will allow us to continue to enhance our overall proposition, making it even easier for customers and intermediaries to do business with us over the long term.  We chose GBST for the quality of their software, their ability to deliver the proposition to market, their experience of the platform market and the fact that they present a good cultural fit with us as a business.  We’re delighted to be working with them.

In the meantime it is business as usual as we continue to deliver our products and services to our customers. ”

Rob DeDominicis, CEO of GBST Wealth Management said: “Our award winning Composer software is recognised as market leading in the UK. This announcement by another platform leader further endorses our superior technology and innovation capabilities, particularly the ability of Composer to consolidate the administration of multiple platforms such as Adviser and D2C but also Workplace onto a single technology solution.”

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