Jonathan Kellner, head of Americas for Instinet, an agency broker owned by Japanese investment bank Nomura, has taken the role of CEO. He will replace Fumiki Kondo, who will run Nomura Asset Management’s overseas client division.
Nomura acquired Instinet in 2006 and since then the bank has shifted its electronic equities execution services to the subsidiary for all regions except Japan.
Kellner, who joined Nomura in 2003 and transitioned to Instinet in 2007, will be responsible for the firm’s global operations.
“Instinet is an integral part of the strategic ambitions we have for our equities franchise, particularly given the ongoing shift of client assets into equities globally,” Naoki Matsuba, co-head of Nomura’s global markets division and chairman of Instinet, said.
“We’re very pleased to name Jonathan CEO of Instinet and leverage his leadership skills and market expertise in a global capacity,” he said.
Prior to joining Nomura, Kellner held senior trading and technology positions at Charles Schwab, ITG and Morgan Stanley.
Last year, Instinet completed the transition of Nomura’s electronic, sales and program trading execution services to Instinet in the US, Europe and Asia ex-Japan, consolidating the group’s equity trading services for institutional clients into a single unit for the first time.