Gordon Russell, Torstone Technology
Japan - Torstone Technology, the provider of post-trade securities and derivatives processing, has announced plans to further expand its services in Asia, supported by senior appointments in Japan, and the signing of a multi-year deal with new client, Natixis Japan Securities, to use Torstone's collateral management module.
Natixis Japan Securities will use Torstone Technology's post-trade securities and derivatives processing system, Inferno, to improve and automate its collateral management processes, thereby reducing operational inefficiencies and costs in addition to complying more efficiently with various regulatory requirements in Asia.
As a result of the increasing regulatory and compliance obligations faced by firms in Japan, Torstone Technology has been expanding its operations in Asia and has appointed Takuro Ochiai to head up the Japan office. Takuro previously worked at Daiwa Capital Markets Europe & Hong Kong (seconded from Daiwa Institute of Research) and Nomura Securities. Torstone has also transferred senior staff to the Japan office to provide the required local support.
In addition to the new appointments, Gordon Russell, who joined Torstone Technology as head of sales for Asia Pacific last year, has been appointed head of Asia Pacific. Gordon will be responsible for all of Torstone's regional activity.