Natixis Japan Securities has signed a multi-year deal with Torstone Technology, a provider of post-trade securities and derivatives processing to use its collateral management module.

Natixis Japan Securities will use Inferno, Torstone's post-trade securities and derivatives processing system to improve and automate its collateral management. The move is aimed at reducing operational inefficiencies and costs in addition to complying more efficiently with various regulatory requirements in Asia, according to Joerg Ziarno, chief operating officer at Natixis Japan Securities. "We are working with Torstone on a range of products and will look at expanding this," said Ziarno.

Torstone is expanding in Asia in support of new clients, such as Natixis Japan Securities and covering increasing regulatory and compliance obligations faced by companies in Japan, and has appointed Takuro Ochiai to head its Japan office. Ochiai joins from Daiwa Capital Markets and Nomura Securities, where he held senior roles in Europe and Hong Kong (seconded from the Daiwa Institute of Research). Torstone has also transferred senior staff to Japan to provide local support.

In addition to the new appointments, Gordon Russell, who joined Torstone  as head of sales for Asia Pacific last year, has been appointed head of Asia Pacific.

'This partnership... further highlights our commitment to the Japanese market,' said Brian Collings, chief executive officer at Torstone in a statement.

Natixis has been the derivatives counterparty in 98 uridashi products in Japan since 2008 of which 37 are still live products including 59 notes marketed by Tokai, 11 from Mizuho, and two apiece from Daiwa Securities, Shinsei Securities, and SMBC Nikko Securities.

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