CGS-CIMB Securities signs with Torstone
Torstone Technology, a leading SaaS provider of post-trade securities and derivatives processing solutions, is pleased to announce a strategic partnership with CGS-CIMB Securities, a leading securities house in the Asia-Pacific region.
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CGS-CIMB Securities has gone live with Torstone’s award-winning platform as a middle office replacement solution and continues to work with Torstone to improve automation and provide a single cloud solution for their Asia-Pacific operations.
This expands the roll-out of Torstone’s platform in the Asian region, and the company is excited to leverage its strong local teams in Singapore, Hong Kong and Tokyo to support CGS-CIMB Securities in this endeavour.
“We are thrilled to partner with CGS-CIMB Securities and provide them with our industry-leading platform,” said Brian Collings, CEO of Torstone Technology. “This partnership shows the strength of our platform and the value it can bring to firms looking to streamline and consolidate their post-trade processing operations. We look forward to supporting CGS-CIMB Securities in their digital transformation journey.”
TK Yap, Group Chief Transformation Officer at CGS-CIMB Securities remarked: “We are excited to partner with Torstone Technology and to implement their platform as a middle office solution. The platform’s ability to improve automation and provide a single cloud solution for our operations will greatly enhance our post-trade processing efficiency and reduce costs. We look forward to working with Torstone’s experienced local team to achieve our strategic infrastructure goals.”
This new partnership with CGS-CIMB Securities is a testament to the growing demand for Torstone’s SaaS solutions in the APAC region. Torstone’s cloud-based platform is known for its ability to streamline post-trade processing operations, reduce costs, and increase efficiency, which has made it a popular choice among leading financial institutions in the region.