Torstone Technology expands European team

Makes two senior appointments to help clients prepare for the MiFID II go-live 

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 UK clients’ post-trade operations, especially as firms prepare for the MiFID II go-live in less than 8 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.”

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. http://www.torstonetechnology.com/