International fintech group creates jobs in Jersey

Tuesday 20 October 2015

Five jobs are being created by a fintech company that is moving part of its operation to Jersey.

TORA – a technology and finance company specialising in investment management – is making the move to Jersey as part of a plan to build its European business.

Five jobs are being created in what the company is calling the initial phase, and the company say that the number could increase.

TORA already has offices in the US, Australia, Singapore and Tokyo.

Chris Jenkins, TORA’s current Managing Director of Asia who is moving to Jersey as part of the expansion, said: “Having built a successful and comprehensive technology platform supporting asset managers across Asia and the US, we were focused on expanding into the European marketplace.

“Having met with Jersey’s Economic Development Minister and officials from Locate Jersey in Hong Kong over the past couple of years, we were impressed by the capabilities, expertise, support and potential Jersey could offer us.

“In establishing our new presence in Jersey, with its good connections to the UK and Europe and fantastic reputation as a centre for the alternative funds business, we now have a strong base from which to access the European asset management market.”

In a statement announcing their move to Jersey, TORA said that the new office: “will offer a range of specialist software solutions to its client base of asset managers, hedge funds and brokerage houses, including an Order and Execution Management system and a Portfolio and Risk Management system”.