Regulatory drivers lead to torstone expansion
Torstone aim to increase Workforce by more than a quarter
London – 9 Dec 2015 — Torstone, a leading provider of post-trade securities and derivatives processing, today announces plans for a significant expansion over the coming months, that will see the workforce grow by over a quarter. The growth is driven by a number of factors, not least of which is the increased demand for Torstone’s flexible, scalable back office platform, Inferno.
Torstone is hiring executives in all four of its offices, located in London, New York, Singapore and Hong Kong. The positions include senior business analysts, product developers, infrastructure engineers, as well as key business development functions and senior sales roles.
The growth is in direct response to the market-wide increased demand that Torstone is seeing for its product; driven by the ever-evolving regulatory and compliance obligations that market participants face. In particular, the consolidated reporting requirements in Europe, North America and Asia, including Japan, are forcing firms to update legacy systems and technology, to be better able to meet these obligations in a timely and cost effective manner.
Torstone is delighted to announce recent senior appointments and to welcome Julie Merry as its Chief Financial Officer and Margaret Bailey as its North American Head of Sales.
Julie has held Finance Director roles for a variety of software and consultancy businesses, including Charteris plc, the AIM-listed management consultancy firm. Julie is a Chartered Accountant and worked in audit and corporate finance in the London and New York offices of PricewaterhouseCoopers.
Margaret‘s financial services experience covers both software sales and working within banks. Margaret has deep post-trade and regulatory knowledge having joined from the London Stock Exchange. Prior to this, Margaret worked on a number of Dodd-Frank and EMIR compliance projects at Lombard Risk.
Commenting on the expansion plans, Brian Collings, CEO, Torstone, said, “Since our inception in 2011, we have been steadily growing our business as an increasing number of clients require reporting and back-office solutions to comply with new regulation and market changes, such as MiFIR and CSDR, as well as increasing uptake of the ISO 20022 standards. We look forward to continuing to expand our workforce in order to meet this demand.”
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.
— ends —