GBST has said that Simon Clare has been appointed as head of Product Innovation, Finextra has reported online. In the newly created global role, Clare will be based out of London. Clare will be responsible for GBST's innovation programme, leading the company's strategy, including its Composer wealth administration platform.

Clare, who has worked in financial services technology for more than 20 years, has served in both chief technology officer and chief product officer roles in wealth and asset management. He has experience across the UK, South African, Australian and continental European markets. He was most recently chief product officer at FE fundinfo.