Sydney and Hong Kong, 11 May 2016 – GBST Holdings Limited (ASX: GBT), “GBST”, a global provider of securities transaction and fund administration software for the financial services industry, announces the next phase of its Syn~ capital markets platform implementation at Haitong International Securities Group Limited (“Haitong International”, Stock Code: 665.HK) has successfully gone live.
Haitong International, one of Hong Kong’s leading financial institutions, adopted the internationally accredited GBST Syn~ platform in November 2015 to create an automated, institutional middle-office solution in an implementation that is now a key component of its expansion, particularly growth from new institutional business.
This second phase adds the GBST Syn~ confirmations capability. The unique flexibility of GBST Syn~ sees it integrate seamlessly with each customer’s individual requirements allowing for much smoother integration and reconciliation. This is part of an ongoing deployment of GBST Syn~ that will greatly assist the delivery of Haitong International’s strategic business objectives.
Marcus K.C Yang, Operations Director – Global Market of Haitong International Securities Group said: “As we begin to leverage this second phase of our GBST Syn~ implementation we are already achieving business value, measurable productivity gains and client satisfaction. And there is so much more potential to explore in our drive to expand our services.
Donal O’Brien, Regional Executive of GBST said: “This is the latest proof that GBST Syn~ offers continued process improvement and enables flexible business goals over time. It is also the consolidation of a trusted relationship between our two organisations. We are establishing a leading position in providing internationally accredited systems to investment banks in the Asian region.”
About GBST – www.gbst.com
GBST (ASX: GBT), provides global technology products to the financial services industry, addressing our clients’ needs for innovation, competitiveness and responsive solutions that enable business. Listed on the Australian Securities Exchange, GBST has offices in Australia, United Kingdom, North America, Hong Kong and Singapore.
Haitong International Securities Group Limited – www.htisec.com
Haitong International Securities Group Limited (“Haitong International”; Stock Code: 665.HK) is an international financial institution with established presence in Hong Kong and a rapidly expanding network across the globe. It strives to serve as a bridge linking up the Chinese and overseas capital markets. Haitong International is a subsidiary of Haitong International Holdings Limited, a company incorporated in Hong Kong and wholly owned by Haitong Securities Co., Ltd. (“Haitong Securities”, Stock Code: 600837.SH; 6837.HK).
To date, Haitong International is well-positioned to serve over 190,000 corporate, institutional and retail clients worldwide. Its well-established investment banking business platform provides corporate finance, brokerage and margin financing, asset management, fixed income, currency and commodities (FICC), leveraged and acquisition finance, equity derivatives and a full spectrum of financial products and services. Haitong International possesses a sound risk management system that is in line with international standards. In 2014, it became the first Chinese financial institution in Hong Kong to have been assigned a “BBB” long-term credit rating by Standard and Poor’s.
Haitong International has more than 10 branches in Hong Kong and Macau and a representative office in each of Beijing and Shanghai. In 2014, Haitong International quickened the pace of overseas expansion by establishing its Singapore subsidiary. It also completed the acquisition of Japaninvest Group plc in March of 2015, setting up a financial servicing network covering the world’s major capital markets including Hong Kong, New York, London, Tokyo.
Contacts: Donal O’Brien, Regional Executive of GBST is quoted in this press release. For further questions, please email email@example.com