GBST wins UK deal for Composer platform

Financial software and services provider GBST (ASX:GBT) has won a major contract with a UK client.

Under the arrangement, subsidiary GBST Wealth Management will license and install its Composer financial management platform for a SIPP provider with assets under administration of more than £12 billion ($19.7 billion).

“With this contract, GBST is now a supplier to two of the top 10 administrators of SIPP platforms,” GBST CEO Stephen Lake said.

He said the company could not disclose the value of the contract due to commercial considerations.