Torstone technology expands european team
Makes two senior appointments to help clients prepare for the MiFID II go-live
London – 16 May, 2017 – Torstone Technology, the leading provider of post-trade securities and derivatives processing, today announces plans to expand in Europe with the appointment of Paul Phillips as Head of European Sales, and Paul Mundy as Product Manager, both based at Torstone’s London headquarters.
These senior appointments have been made in response to increased demand among Torstone’s client base who are required to enhance their post-trade processes to meet increasing regulatory requirements in the UK and Europe.
Paul Phillips joins Torstone Technology with over 20 years’ experience in financial services technology, most recently as Head of Strategic Business Development and Key Account Management, EMEA, at Fidelity National Information Services (FIS). Prior to this, Paul held a number of senior roles globally with SmartStream Technologies and DST Systems.
Paul Mundy joins Torstone Technology from Broadridge Financial Solutions, where he was responsible for managed asset servicing solutions. Prior to this, Paul worked at Barclays Investment Bank overseeing asset services operations and technology solutions, and Smartstream Technologies as a senior consultant on corporate actions and reconciliations.
Commenting on the appointments, Brian Collings, CEO, Torstone Technology said: “Expanding our European team is a key part of Torstone’s global strategy. It will enable us to further strengthen our support for European clients’ post-trade operations, especially as firms prepare for the MiFID II go-live in less than 10 months’ time. We will benefit greatly from Paul Phillips’ extensive market and regulatory knowledge and his business development experience, as well as Paul Mundy’s technical and operational expertise.”
About Torstone Technology www.torstonetechnology.com
Torstone is a leading global provider of cross-asset securities and derivatives post-trade processing technology. Torstone’s cloud-based, award-winning platform is fast, flexible and future-proof. It enables global financial firms to reduce their total cost of ownership, 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, Toronto, Hong Kong, Singapore, and Tokyo.