Wealth management and capital markets software provider GBST has appointed a new managing director and chief executive.
Announcing the appointment via the ASX, GBST said Robert DeDominicis will take up the role of managing director and chief executive with immediate effect.
Mr DeDominicis was promoted to the role after serving as the chief executive of GBST’s wealth management arm. Prior to this, Mr DeDominicis co-founded the wealth management software provider InfoComp in 1988, which was acquired by GBST in 2007.
Commenting on his appointment, Mr DeDominicis said: “Our key focus is our clients’ needs as they rely on us for dependable products to help them manage market, legislative and technology change.
“We will focus our resources on products where we have immediate opportunities and markets where we have proven capability. I look forward to building on GBST’s strong international foundation.”
Mr DeDominicis’ appointment follows the retirement of GBST founder, John Puttick, as chairman of the company’s board. Mr Puttick will be replaced by Allan Brackin on 1 January 2016.
Commenting on the company’s new head, Mr Puttick said Mr DeDominicis is “well placed” to lead the company as it grows.
“It is pleasing that the depth of talent within GBST has enabled the appointment of an internal candidate, demonstrating the strength of our management team.
“I am confident he has the skills and experience to drive GBST’s continuing growth,” he said.
Mr Puttick added that he will continue to retain a “deep interest” in the company as a long-term shareholder.
Mr DeDominicis will be based in the UK, splitting his time between Australia, Asia and the UK.
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