Instinet Europe has confirmed its head of business operations and risk, Andrew Bowley, has transferred to the agency broker’s parent bank, Nomura, as part of the firm’s integration strategy.
Bowley was previously co-head of electronic trading at Nomura until 2012, at which point he moved to Instinet following the Japanese bank’s decision to transition its equities execution business in the Americas, EMEA and Asia ex-Japan to Instinet.”.
However, with the integration of the business largely complete, Bowley has now transferred to Nomura’s global markets division.
An Instinet spokesperson said, “there are no immediate plans to replace Andrew at the moment, his duties will be assumed by the existing Instinet team.”
It is thought Bowley will take up a new role of head of market structure strategy EMEA for Nomura and report to Rob Maher, its global head of electronic markets, who joined the business in March from Credit Suisse.
During his time at Nomura, Bowley has been responsible for its operations, technology, product and risk while the agency broker was merged with its parent bank. He has also commented widely on regulation and market structure issues and has been a member of the risk committee at pan-European equities clearing house EuroCCP since January and a non-executive director since 2010.
Prior to joining Nomura in 2008, he spent four years as an executive director at Lehman Brothers and has also held senior roles at Dresdner Kleinwort and JP Morgan.