Instinet has appointed a new CEO of its business in Asia Pacific, following the current CEO’s decision to take up a new role at parent company Nomura.
Stuart Knowling has been COO of Instinet Asia Pacific for seven years and throughout his time in the role worked closely with former CEO Tetsuhiro Nishi and the front office team.
Prior to joining Instinet, Knowling worked as Deutsche Bank firstly as an operations manager and then as a global SmartSource executive, managing vendor relationships between equity operations globally and the bank’s outsourced partners.
Group CEO at Instinet, Jonathan Kellner, explained Knowling has been instrumental in driving Instinet’s growth in the region.
“Under his leadership, our Asian operations have continuously expanded their coverage and operational capabilities while delivering the highest standards of execution to Instinet’s global client base,” he said.
Nishi will take up a new role at Nomura as the head of execution services for Asia excluding Japan and will be based in Hong Kong.
Commenting on his new position, Nishi said: “As the industry landscape continues to change, it is critical that we effectively meet the evolving needs of our clients.
“By partnering with Instinet, we will further develop our execution services products to ensure they remain relevant to our clients.”
His appointment is subject to regulatory approval.