Torstone Technology strengthens management team with global head of sales

London, 13 November 2012 — Torstone Technology, providers of securities and derivatives processing software to the global financial markets, has appointed Jonny Speers as Global Head of Sales to lead the company’s expansion in UK, USA and Asia markets. A seasoned business development executive, Mr Speers has over 19 years’ experience helping financial technology companies to grow.

Prior to joining Torstone Technology Mr Speers led business development at business service management and big data solutions provider OpTier and prior to that was responsible for global business development of high performance solutions for electronic trading, position and risk management, pricing and order management at ION Trading.

“I’m looking forward to bringing my experience to bear to help growth at Torstone following its successful first year,” commented Mr Speers. “In the light of both economic and regulatory pressures, the industry is focusing attention on the back office to automate more, reduce costs and provide better controls for risk management. The value proposition of Inferno which provides a one stop, flexible, back office solution for post-trade processing of multiple asset classes as well as cloud computing delivery, is right for these times. There is also a great team of motivated people here who I’m excited to be working with.”

Brian Collings, CEO of Torstone Technology said: “We are very fortunate to have attracted someone with Jonny’s proven market development skills at this pivotal point in our development. Our recent successful presence at Sibos has served to reaffirm our view that there is considerable demand for quick to implement packaged software delivered as a service. Jonny will ensure that we structure our sales approach and operations to capitalise on the opportunity and our technology lead.”

About Torstone Technology www.torstonetechnology.com

Torstone Technology is a leading global SaaS platform for post-trade securities and derivatives processing and risk management. We simplify the complexities of operational and risk workflows by connecting global financial industry expertise with technology innovation to provide comprehensive functionality, business process automation, and world-class client service to financial institutions across the globe.

Combining many decades of investment banking expertise with in-depth global financial market and technology industry knowledge, we offer agile, secure, scalable, and cost-effective solutions. Torstone’s Cloud-based, award-winning technology enables global financial firms to reduce costs, achieve greater operational efficiency, drive revenue growth, and minimize risk.

We are a fast-growing company headquartered in London, with offices in New York, Toronto, Hong Kong, Singapore, and Tokyo.