Investment management platform provider, TORA, is expanding its presence in Europe with a new office and has hired a former director at Barclays to bolster the move.
David Tattan joins TORA from Barclays where he held senior positions such as head of European client services and head of UK sales for the investment bank’s POINT platform.
TORA is opening an office in Jersey on the Channel Islands, where Tattan will be based and has been tasked with growing the business’ investment technology services.
Tattan explained European buy-siders are increasingly looking for technology platforms that are fully integrated across the investment process.
“TORA’s investment suite offers solutions to these demands and I am looking forward to introducing TORA’s products and services to the European marketplace,” he said.
From the new office, TORA will offer the technology services - including order and execution management systems and portfolio and risk management systems - to buy-siders, hedge funds and brokerage houses.
Robert Dykes, chief executive officer at TORA, explained Europe has a mature asset management industry and the impending MiFID II regulation will increase demand for systems provided by TORA.
“With our emphasis on trading, compliance as well as experience in multi market jurisdictions, we are well placed to assist managers,” he said.