Ex-Goldman algo trading expert joins Instinet

Incoming individual has previously worked for HSBC and McKinsey & Company.

Sonal Rashmi has joined equity trading business Instinet in an execution sales role, following seven and a half years at Goldman Sachs.

In this new role, she will report to
Seema Arora, managing director and head of execution sales, and focus on EMEA clients trading globally – specifically quant clients, The TRADE understands.

She was most recently vice president at the investment bank, responsible for the algorithmic trading performances of key clients, as well as undertaking strategic analysis.

During her tenure at Goldman Sachs, London-based Rashmi also previously worked as an associate and an analyst.

Prior to this, she worked as a group strategy analyst at HSBC, working across technology strategy, innovation, and blockchain.

Speaking to The TRADE, Arora said: “We are delighted to have Sonal as a new addition to the sales team. Her engineering and technical background, complemented by her in-depth microstructure knowledge, makes her an excellent addition to the team.”

Instinet, the independent equity trading arm of Nomura Group, completed its purchase of the FIS’ execution services business last October, just a few months after announcing the deal. FIS’ execution services unit offering includes trading algorithms and execution services, including direct market access and sales trading.