Agency broker Instinet has appointed Glenn Lesko, previously head of its US-based international trading group, as the new CEO of its Asian operations.
In his new position, Lesko will be responsible for Instinet Japan, Instinet Pacific, Instinet Singapore Services and Instinet Australia Clearing Services.
He takes over from Instinet’s co-CEO Fumiki Kondo, who had assumed the role on an interim basis following the departure of previous Asia CEO Joe Marchal to Instinet’s trading venue subsidiary Chi-X Global in November last year. Marchal is now regional CEO, Asia, for Chi-X Global, responsible for expanding the Chi-X trading platform in the region.
“As someone with significant electronic trading experience in the region from both a buy-side and sell-side perspective, Glenn understands the needs of our clients in Asia and the challenges posed by today’s rapidly changing global equities market,” said Kondo and fellow joint-CEO Anthony Abenante in a statement.
Lesko joined Instinet in 2006 from CF Global Trading, where he had served as a partner since 2003, and before that, served two years as a managing director at Deutsche Bank, directing the firm’s international trading desk. Prior to that, Lesko spent 10 years at ABN Amro and its affiliates, first heading its Asian trading desk in Hong Kong and later its international trading desk in New York.