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."
About Instinet
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.