Torstone poaches Japanese lead from Interactive Brokers
Torstone Technology, a leading global SaaS platform for post-trade securities and derivatives processing and risk management, announced today the appointment of Yasuaki Hayashi as Senior Japan Representative, marking the continued expansion of its Tokyo office as the firm grows in Asia.
Hayashi-san brings over thirty years of experience in the brokerage and investment banking industry, with significant expertise in establishing and growing businesses in Japan. He joins Torstone from Interactive Brokers, where he was Head of Japan, and helped to set-up the firm’s Japanese business in 2008. Prior to that, Hayashi-san was Operations Director at Liquidnet, where he set up the firm’s Japanese business.
Japan continues to be a strong growth market for Torstone as the firm has significantly expanded its client base and local office over the past six years in response to Japanese financial institutions’ demand for cloud-based post-trade solutions. Torstone’s Tokyo office currently services local and international firms with a dedicated client centre for the Japanese market.
Brian Collings, CEO of Torstone Technology, commented: “We are delighted to announce the appointment of Hayashi-san as Head of Japan to support our growth in the region. His considerable experience in the Japanese market will help to strengthen our presence and expand our offering in the vibrant Japan market. There is significant growth opportunity in supporting regional and international firms deploying cutting edge post-trade technology in a highly specialist market in order to reduce costs, secure greater operational control, minimise risk and support their product offering.”
Gordon Russell, Head of Asia at Torstone Technology said, “We are seeing APAC clients increasingly looking to bring their yen and non-yen business together, while consolidating operational workflow and systems. Hayashi-san’s experience in the Japanese market will help clients to achieve this by transitioning them to a new, more cost-effective operating model, giving them greater flexibility in the front office and driving greater operational and regulatory efficiency.”
Hayashi-san commented: “Many Japanese institutions need modern post-trade solutions that generate efficiencies and allow them to respond to a changing customer and regulatory landscape. I am therefore excited to join Torstone to help Japanese firms move away from legacy systems and future-proof their operations, while helping Torstone to realise its significant growth potential in the region.”
Hayashi-san joins as the Torstone Platform increases the wholesale and retail market driving greater functionality for the Japanese market, including Tokutei Kouza reporting, part of our Regulatory Compliance module, which allows users to automatically calculate and pay their Japanese capital gains taxes on stocks.