Makes additional appointments and goes live with Natixis Japan Securities Co. Ltd
Torstone Technology, the leading provider of post-trade securities and derivatives processing, today announced plans to further expand its services in Asia, supported by senior appointments in Japan, and the signing of a multi-year deal with another new client, Natixis Japan Securities Co. Ltd, to use Torstone’s collateral management module.
Natixis Japan Securities will use Torstone Technology’s flagship 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.
In support of new clients such as Natixis Japan Securities and as a result of the ever increasing regulatory and compliance obligations faced by firms in Japan, Torstone Technology has been rapidly expanding its operations in Asia and has appointed Takuro Ochiai to head up the Japan office. Takuro has unrivalled expertise in Japan having 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. An industry veteran of over 20 years, Gordon will be responsible for all of Torstone’s regional activity.
Commenting on the announcements, Brian Collings, CEO, Torstone Technology 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.”
Adding to this, Collings said: “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.”
Commenting on the news, Joerg Ziarno, Chief Operating Officer at Natixis Japan Securities said: “We are pleased to be working with Torstone Technology who provided us with a tailored solution to optimize our collateral management processes, giving us the flexibility to serve the needs of our clients.”
Torstone Technology, headquartered in London with offices in New York, Singapore and Hong Kong, provides securities and derivatives processing software to the global financial markets. Its flagship product is Inferno which is designed to support high volumes of straight through processing for settlement of a wide range of asset classes from complex derivatives to high volume equity processing. The software is designed for today’s more fragmented and highly regulated markets.
Natixis is the international corporate, investment, insurance and financial services arm of Groupe BPCE, the 2nd-largest banking group in France with 31.2 million clients spread over two retail banking networks, Banque Populaire and Caisse d’Epargne.
With more than 16,000 employees, Natixis has a number of areas of expertise that are organized into three main business lines: Corporate & Investment Banking, Investment Solutions & Insurance, and Specialized Financial Services.
A global player, Natixis has its own client base of companies, financial institutions and institutional investors as well as the client base of individuals, professionals and small and medium-size businesses of Groupe BPCE’s banking networks.
Listed on the Paris stock exchange, it has a solid financial base with a CET1 capital under Basel 3(1) of €12.7 billion, a Basel 3 CET1 Ratio (1) of 11.0 % and quality long-term ratings (Standard & Poor’s: A / Moody’s: A2 / Fitch Ratings: A).
(1) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise - without phase-in except for DTAs on tax-loss carryforwards following ECB regulation 2016/445.
Figures as at December 31, 2016