The firmâs new regional management structure will operate as follows, with all reporting directly to Fumiki Kondo, co-CEO of Instinet Incorporated:
â¢ Nick McDonald, currently Managing Director of Instinet Singapore, and Joji Watanabe, Head of Sales for Instinet Japan, will become Co-Heads of Equities for Instinet in Asia. Both will retain their current roles as well.
â¢ John Fildes will continue his role as Managing Director of Instinet Pacific in Hong Kong and Instinet Australia Clearing Services in Australia, as well as continuing his responsibility for New Product Development in the Asian region.
â¢ Joel Noell will become Branch Manager of Instinet Japan and will retain his position as Chief Operating Officer of Instinet Japan.
â¢ Tatiana Yudovsky will continue to serve as the Chief Technology Officer for Instinet in Asia-Pacific.
â¢ Julie Chew will continue to serve as the Chief Financial Officer for Instinet in Asia-Pacific.
Commenting on the moves, Mr. Kondo said, âIn his four years with Instinet, Joe not only helped Instinet double its market share in the region, he also developed an extremely strong Asia-Pacific management team. Given the teamâs understanding of our clientsâ needs, the value of Instinetâs agency-only model and the rapidly evolving market structure in Asia-Pacific, both Joe and I believe this is the right team to continue moving our business forward in the region.â
Additionally, Instinet today formally announced the following additional personnel moves in the Asia-Pacific region:
â¢ John Sturges has joined Instinet Japan as Co-Head of Japanese Equities, sharing duties with Toshikazu Taniyama. Messrs. Taniyama and Sturges will be responsible for all aspects of Instinetâs Japanese equities trading â including the Firmâs domestic, international, GPT (Global Portfolio Trading), DMA (Direct Market Access) and PTS (Proprietary Trading Systems) desks. Mr. Sturges, who brings over 20 yearsâ trading experience in all asset classes in both Europe and Asia, joins Instinet from Mizuho Securities in Tokyo, where he ran its International Sales Trading and Facilitation desk.
â¢ Dean Kimpton has joined Instinet Japan as Senior Sales Trader, taking a leadership role on the International Sales Trading desk. Mr. Kimpton, who brings nine years of experience in the financial industry, joins the firm from Mizuho Securities in Tokyo.
â¢ Christian Chan, Head of Electronic Trading, Asia, has transferred to Instinetâs Hong Kong office from its Tokyo office. With the move, Mr. Chan will focus on growing the Firmâs Asia Ex-Japan DMA, algorithmic trading and Asian crossing businesses, particularly KoreaCrossâ¢.
â¢ Mark Brady has joined Instinetâs Asian DMA sales team, based in Hong Kong. Mr. Brady, who previously spent five years as a senior dealer with JP Morgan Asset Management in Tokyo, will focus in particular on sales of Instinet INSIGHTâ¢, the Firmâs global TCA (Transaction Cost Analysis) tool, which was recently introduced in Asia.
â¢ Anthony Bowyer has joined Instinetâs Singapore-based sales group, where he will be responsible for supporting the Firmâs growing client base in Singapore and throughout the Southeast Asian region. Mr. Bowyer joins with extensive sales experience with both FIMAT and Thomson Reuters in Asia and Europe.
âWe see Asia-Pacific as a key market for our Instinetâs growth given the regionâs increasing focus on advanced trading technologies and the unbundling of research from execution â two trends that play very well into our agency-only model. We fully anticipate these new additions to the firm helping us to continue growing our Asia-Pacific business,â added Mr. Kondo.