Asia-based Tora, a provider of investment management solutions for the buy side, has expanded its international operations though a new European office based in Jersey.
Tora, which has offices across Asia-Pacific and in North America, has established a new regional headquarters in Jersey, Channel Islands, anticipating increasing demand from European investment managers for new technologies to cope with regulatory demands.
Former Barclays Investment Bank executive David Tattan has been appointed to head up the region's operations, alongside the vendor's Asia-Pacific managing director, Chris Jenkins.
The vendor is most known for its OEMS (order and execution management system), currently on its 10th iteration, and last December it launched a new multi-asset charting technology solution powered by ChartIQ.
"Europe has a mature asset management industry and we feel that with the forthcoming regulatory requirements in Mifid II there will be increased demand for advanced systems such as Tora," said Robert Dykes, CEO of Tora, in a statement. "With our emphasis on trading, compliance as well as experience in multi market jurisdictions, we are well-placed to assist managers."
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