NEW YORK, June 8 /CNW/ - Instinet, Inc., a wholly-owned subsidiary of
Nomura Holdings, Inc., announced today the appointment of Fumiki Kondo and
Anthony Abenante as co-Chief Executive Officers, Thomas Vogel as Chief
Financial Officer and Kevin Farrell as Chief Administrative Officer of
Instinet, Inc. Hiromasa Yamazaki, Head of Global Equity for the Nomura Group,
will become Chairman of the Board. Chris Rogers will continue to serve as the
company's Chief Technology Officer.
Former co-CEOs John Fay and Alex Goor will leave to pursue other
interests. Instinet is in the process of negotiating with Ed Nicoll, former
Chairman, to remain as a special advisor. "We thank Ed, Alex and John for
their many contributions to Instinet and their work transitioning the company
to the Nomura Group. We wish them the best, and hope that we may look forward
to continued advice and insight from Ed," said Mr. Yamazaki.
Mr. Kondo joined Instinet in February 2007. He previously served at the
Nomura Group as Managing Director of Nomura Securities International, Inc.,
Executive Vice President of Nomura BlackRock Asset Management Co., Ltd., and
in various other capacities at Nomura International plc (London) and Nomura
Securities Co., Ltd. (Tokyo).
Mr. Abenante joins Instinet from Nomura Securities International, Inc.,
where he served as Managing Director responsible for U.S. Equity and Global
Program Sales and Trading for the past four years. Prior to joining Nomura
Securities International, Inc., Mr. Abenante spent 10 years at Investment
Technology Group, Inc., serving in several senior management roles, most
recently as Director of Institutional Sales.
Messrs. Vogel, Farrell and Rogers have each held a variety of positions
with Instinet and together have served the company for more than 10 years.
"Instinet enjoys a rich tradition of excellence, a strong client base and
a solid team of professionals around the world," said Mr. Kondo and Mr.
Abenante in a joint statement. "The company is extremely well-positioned for
today's rapidly changing market environment in the U.S., Europe and the Asia
Pacific region. Going forward, we will reaffirm Instinet's commitment to
global leadership in electronic agency brokerage by continuing development of
advanced technologies, expanding PTS/ATS operations (including Chi-X(TM)) and
product lines. Instinet's exceptional platform and Nomura's global presence
together will produce a powerful combination. We will seek to better
capitalize on the strengths of both organizations globally."
Instinet's subsidiaries act as global agency brokers providing the
trading expertise and advanced technology necessary to successfully interact
with more than 50 securities markets worldwide. Acting solely as an agent for
its customers, Instinet seeks to improve institutional investment performance
and lower overall trading costs through its various front-end trading systems,
securities crossing networks, algorithms, commission management programs and
investment research products. Instinet is a subsidiary of Nomura Holdings,
Inc. The company is headquartered in New York and maintains subsidiary offices
in North America, Europe and the Asia Pacific region. For more information,
please visit www.instinet.com. Instinet conducts its U.S. institutional
brokerage business primarily through Instinet, LLC, member NASD and SIPC.
(C) 2007 Instinet, Inc. All rights reserved. INSTINET is a registered
service mark in the United States and in other countries throughout the world.
For further information:
For further information: Instinet, Inc. Mark Dowd, 212-310-5331
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