Torstone Technology taps ex-IBKR Yasuaki Hayashi to head Japan operation

Rick Steves

“We are seeing APAC clients increasingly looking to bring their yen and non-yen business together, while consolidating operational workflow and systems.”

Torstone Technology has appointed Yasuaki Hayashi as Senior Japan Representative, marking the continued expansion of its Tokyo office as the firm grows in Asia.

The SaaS platform for post-trade securities and derivatives processing and risk management snatched Yasuaki Hayashi from Interactive Brokers, where he was Head of Japan, and helped to set up the firm’s Japanese business in 2008.

The new Torstone executive has also played the role of Operations Director at Liquidnet from 2004 to 2008, where he set up the firm’s Japanese business.

His more than thirty years of experience in the brokerage and investment banking industry as well as his significant expertise in establishing and growing businesses in Japan will prove useful to Torstone Technology’s operation in Japan, a strong growth market for the firm which has rapidly expanded its client base and local office over the past six years.

Demand has been driven by Japanese financial institutions’ growing need for cloud-based post-trade solutions and Torstone has responded with its platform that provides greater functionality in both the wholesale and retail markets.

The Torstone Platform boasts Tokutei Kouza reporting, part of its Regulatory Compliance module, which allows users to automatically calculate and pay their Japanese capital gains taxes on stocks.

APAC clients increasingly looking to bring yen and non-yen business together

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, added: “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.”

Yasuaki Hayashi, Senior Japan Representative at Torstone Technology, said: “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.”


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