Torstone Technology, a leading SaaS platform for post-trade securities and derivatives processing, today announces that Sam Farrell has joined the firm as Head of North America.
Based in Toronto, Sam will have oversight of all the US and Canadian operations for Torstone. Sam will continue to expand Torstone’s footprint in North America, further establishing the business as a key provider within the US and Canadian markets.
Prior to joining Torstone, Sam spent the last 35 years in Canadian financial services and brings a wealth of experience to the role, having previously worked at RBC, TD Securities, Scotiabank, and most recently at Credit Suisse Canada as a senior operations leader.
Over his career, Sam has led a number of significant initiatives, including the Credit Suisse migration to Torstone’s Cloud Platform.
Brian Collings, CEO, Torstone Technology, commented: “We are thrilled to have Sam join the Torstone family. 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.
We are confident that Sam will drive our expansion in North America, strengthen our brand, and establish Torstone as a leading provider in the US and Canadian markets.”
Sam Farrell, Head of North America, Torstone Technology added: “I am extremely 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.”
This new hire highlights the continued growth of Torstone and its commitment to providing industry-leading service to its clients. Torstone is dedicated to providing exceptional post-trade solutions for clients globally, and this appointment is a clear indication of the company’s commitment to that goal.