Coexis becomes GBST
GBST (ASX:GBT), a global provider of technology services to the financial services industry, has announced that Coexis Limited, which the company acquired in December 2008, will be known as GBST Limited in the UK and GBST Inc in the USA from today.
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The name change signifies the assimilation of Coexis and the next generation Syn~ range of model-based solutions for the securities processing industry into GBST's global operations.
Sunil Shah, chief executive of GBST Global Broker Services said: "Although Coexis will disappear the strong Syn~ brand which is recognised throughout the financial services world and known to represent next generation, model-based solutions, remains. The goal now is to rapidly extend GBST's global broker services in the Asia Pacific region. The work to deliver a single Australasian securities processing solution on Syn~ for institutional brokers has already begun."