Torstone Technology expands Asian activity
London, 26 February 2013 — Torstone Technology, providers of securities and derivatives processing software to the global financial markets, is expanding its financial technology business in the Asian markets. With the hiring of a local sales manager and additions to the software development and support team the Hong Kong head count is doubling.
The expansion is part of the company’s strategy to accelerate its access to the high growth, high value markets within Asia and the emerging markets, in particular.
Brian Collings, CEO of Torstone Technology said: “The workload in our Hong Kong office has been steadily increasing throughout 2012 and our clients are asking for more and more expert development resources from us. With increasing regulatory pressure and the need to consolidate and streamline in order to reduce costs, our Inferno back office technology is extremely well placed to make a major impact both in the emerging and the established Asian markets. We are therefore intensifying our sales efforts in this direction.”
About Torstone Technology www.torstonetechnology.com
Torstone Technology is a leading global SaaS platform for post-trade securities and derivatives processing and risk management. We simplify the complexities of operational and risk workflows by connecting global financial industry expertise with technology innovation to provide comprehensive functionality, business process automation, and world-class client service to financial institutions across the globe.
Combining many decades of investment banking expertise with in-depth global financial market and technology industry knowledge, we offer agile, secure, scalable, and cost-effective solutions. Torstone’s Cloud-based, award-winning technology enables global financial firms to reduce costs, achieve greater operational efficiency, drive revenue growth, and minimize risk.
We are a fast-growing company headquartered in London, with offices in New York, Toronto, Hong Kong, Singapore, and Tokyo.
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Further information from:
Payal Raina, Marketing
8 Lloyd’s Avenue, London, EC3N 3EL
Direct: +44 20 7418 7928