TORSTONE DOUBLES HONG KONG OFFICE AND MAKES SENIOR HIRES TO SUPPORT ONGOING GROWTH
London – 18 December 2019 – Torstone Technology, a leading provider of post-trade securities and derivatives processing technology, has announced a number of senior hires and the doubling of its Hong Kong office.
Several senior appointments have been made across Professional Services, Client Support and Sales functions, including Simon Tang, who joins Torstone as the Head of Professional Services APJ. He has 18 years of capital markets experience in implementing post-trade projects and an in-depth knowledge of customer needs in Asian capital markets that will help Torstone continue to expand its presence in Asia.
Torstone recently announced that Saxo Bank Securities Ltd. (“Saxo Bank Japan”), the investment and trading specialist, has gone live with the first phase of its migration to Inferno, a multi-asset, multi-entity cloud-based platform covering trade capture, confirmation, settlement, accounting, corporate actions, reconciliation and regulatory reporting.
Torstone is also introducing its cloud-based risk management platform, RiskMine, into the Asian market. Riskmine was named Best New Product: Risk Management in the FOW (Global Investor Group) International Awards 2019, reflecting its achievements in transforming banks’ post-trade offerings and helping firms navigate a challenging operational environment.
Torstone’s growth in Asia is part of a larger, global expansion. During 2019, Torstone announced the opening of a new office in Toronto and doubled the size of its London headquarters.
Gordon Russell, Head of Asia, commented, “Given the region’s rapid growth and evolving regulatory environment, Asian firms are well-positioned to benefit from greater operational efficiencies and reduced risk in their post-trade reporting processes, and that is exactly what Torstone’s solutions provide. Our current strong growth in Asia reflects the market’s increased focus on reducing their IT footprint and cost while increasing the automation of daily operations to be able to offer more to their end clients.”
Brian Collings, CEO, Torstone Technology said, “2019 has been a phenomenal year for growth, as Torstone strengthens its footprint in Asia and continues to expand our global presence across all our strategic markets in Asia, Europe, and North America. We look forward to working closely with dynamic, fast-paced Asian financial institutions that are focused on growth and efficiency through leveraging new technology.”