Torstone selects Farrell as head of North America
16 March 2023 Canada
Image: Torstone_Technology
Torstone Technology, software-as-a-service platform for post-trade securities and derivatives processing, has appointed Sam Farrell as head of North America.
Based in Toronto, Farrell will have oversight of all US and Canadian operations for Torstone and will continue to expand the firm’s footprint in North America.
Prior to joining Torstone, he spent 35 years in Canadian financial services, having previously worked at RBC, TD Securities, Scotiabank and, most recently, at Credit Suisse Canada as a senior operations leader.
During his career, Farrell led a number of initiatives including the Credit Suisse migration to Torstone’s Cloud platform.
Commenting on the appointment, Brian Collings, Torstone Technology CEO, says: “Sam's vision and willingness to be an early adopter of Torstone were key to the success of our project with Credit Suisse.
“His experience, and, in particular, with the Torstone migration, makes Sam an ideal person to step in and lead our North American business, bringing with him a unique insight at a time where the North American financial services sector faces momentous change in the move to a T+1 settlement cycle.”
Farrell adds: “I am excited to be joining Torstone at this pivotal moment in the industry, especially as we approach the move to T+1 in 2024. I am honoured to be a part of the leadership team that will help drive the firm’s growth and success in the North American markets as the industry looks to modernise its technology solutions with Cloud and SaaS.”
Based in Toronto, Farrell will have oversight of all US and Canadian operations for Torstone and will continue to expand the firm’s footprint in North America.
Prior to joining Torstone, he spent 35 years in Canadian financial services, having previously worked at RBC, TD Securities, Scotiabank and, most recently, at Credit Suisse Canada as a senior operations leader.
During his career, Farrell led a number of initiatives including the Credit Suisse migration to Torstone’s Cloud platform.
Commenting on the appointment, Brian Collings, Torstone Technology CEO, says: “Sam's vision and willingness to be an early adopter of Torstone were key to the success of our project with Credit Suisse.
“His experience, and, in particular, with the Torstone migration, makes Sam an ideal person to step in and lead our North American business, bringing with him a unique insight at a time where the North American financial services sector faces momentous change in the move to a T+1 settlement cycle.”
Farrell adds: “I am excited to be joining Torstone at this pivotal moment in the industry, especially as we approach the move to T+1 in 2024. I am honoured to be a part of the leadership team that will help drive the firm’s growth and success in the North American markets as the industry looks to modernise its technology solutions with Cloud and SaaS.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
