Torstone announces further asia expansion
Makes senior Singapore appointment and launches standalone Japan reporting module
Singapore – 1 March 2016 – Torstone Technology, the leading provider of post-trade securities and derivatives processing, today announces plans to further expand in Asia in the coming months with the appointment of Gordon Russell, head of sales for Asia Pacific, based in Singapore, and the launch of a standalone reporting module in Japan.
The news follows previous appointments in Hong Kong and Singapore announced in December 2015, driven by the ever-evolving regulatory and compliance obligations faced by Torstone Technology’s clients.
Gordon Russell joins Torstone Technology with over 20 years’ experience in financial services technology, most recently as Global Head of Risk, at Broadridge. Prior to this Gordon held a number of senior roles across the Asia region with SunGard and Reuters.
The new Japan reporting module will be made available through Torstone Technology’s flagship post-trade securities and derivatives processing system, Inferno. The module will provide the full operational support to investment banks trading a wide range of asset classes including fixed income, equities and derivatives, who must comply with various reporting requirements mandated by the Bank of Japan, the Japan Financial Services Authority, the Tokyo Stock Exchange and the Japan Securities Dealers Association.
Commenting on the announcements, Brian Collings, CEO, Torstone Technology said: “Expanding the team in Singapore is a key part of our Asia strategy and will enable us to further strengthen our support for clients and their reporting obligations across the region. We will benefit greatly from Gordon’s knowledge of the Asian market and his business development, operational and technical experience.”
Adding to this, Collings said: “The launch of our Japan module is another key component of our growth strategy in Asia. We look forward to continuing to develop this module to further ease our clients’ ability to operate in the Japanese market.”