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 is a leading global provider of cross-asset securities and derivatives post-trade processing technology. Torstone’s modern, award-winning Inferno platform is fast, flexible and future-proof. It enables global financial firms to reduce their costs, achieve greater control, minimise risk, and drive operational efficiency. Combining many decades of investment banking expertise with in-depth global financial market and technology industry knowledge, Torstone offers agile, secure, scalable, and cost-effective solutions.Torstone Technology is headquartered in London, with offices in New York, Hong Kong, Singapore, and Tokyo.

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Press enquiries to:
Melissa Rowling, PR
Greentarget
Direct: +44 20 7324 5490
melissa.rowling@greentarget.co.uk

Further information from:
Payal Raina, Marketing
Torstone Technology
8 Lloyd’s Avenue, London, EC3N 3EL
Direct: +44 20 7418 7928
payal.raina@torstonetech.com