Torstone builds on Japanese business 08 March 2017Tokyo Reporter: Stephanie Palmer
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Torstone Technology is expanding its services in Japan, having secured a mandate to provide its Inferno collateral management solution to Natixis Japan Securities.
Natixis will use the Torstone Inferno securities and derivatives processing system to automate its collateral management processes, reducing costs and inefficiencies and aiding compliance with various Asian regulatory requirements.
Torstone has also appointed Takuro Ochiai as head of its Japan office.
Ochiai joins from Nomura Securities, where he was manager of Japan domestic wholesale operations for technology. Previously, he was director of the Daiwa Institute of Research, also based in Japan.
Additional senior staff will be transferred to the Japan office to provide local support, while Gordon Russell becomes head of the Asia Pacific region.
Russell joined Torstone from Broadridge in March 2016, taking on the role of head of sales for Asia Pacific.
Torstone CEO Brian Collings said: “Japan is a core market for us and expanding the team here will enable us to further strengthen our support for clients and their regulatory obligations across Asia.”
He added: “We are very excited to be working with Natixis Japan Securities. This partnership is testament to Torstone’s local expertise and further highlights our commitment to the Japanese market. We look forward to supporting the firm’s growth in the region by providing more streamlined back-office capabilities.”
Joerg Ziarno, COO of Natixis Japan Securities, said: “We are pleased to be working with Torstone Technology who provided us with a tailored solution to optimise our collateral management processes, giving us the flexibility to serve the needs of our clients.”
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