Torstone Technology, a provider of post-trade securities and derivatives processing, is expanding 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.
Torstone says these senior appointments have been made in response to increased demand from the firm’s client base and are required to enhance post-trade processes to meet increasing regulatory requirements in the UK and Europe.
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, he held a number of senior roles globally with SmartStream Technologies and DST Systems.
Mundy joins Torstone Technology from Broadridge Financial Solutions, where he was responsible for managed asset servicing solutions. Prior to this, he worked at Barclays Investment Bank overseeing asset services operations and technology solutions, and Smartstream Technologies as a senior consultant on corporate actions and reconciliations.
Brian Collings (pictured), CEO, Torstone Technology, says: “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 eight 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.”
