The transaction follows last year’s sale of the wider GBST business to Anchorage, and means GBST’s talented capital markets team, along with its market leading Syn~ product suite, which provides proven, seamless and scalable real-time trade and settlements processing capabilities at a global level, is now part of FNZ’s global business.

The acquisition provides FNZ with the opportunity to expand its product and service offering to both existing and future clients, accelerating growth and furthering its mission of opening up wealth and making wealth management services more accessible to more people.

Scott Webster, Managing Director of FNZ Securities said: “We’re delighted to complete this transaction and are excited about the significant opportunities for FNZ to expand our global capabilities and presence in listed securities trading and post-trade processing.”

“FNZ was attracted to the GBST capital markets business because of its highly skilled and talented people, its well-established range of products and its deep relationships with major financial institutions across the world.”

“We are committed to ensuring these relationships, and the quality of the capital markets services, continue to be enhanced as part of the FNZ Group. We have an exciting journey ahead as we combine our complementary strengths and extend our market-leading, end-to-end integrated capital markets solution for our customers globally.”