Instinet Continues Asia-Pacific Growth with New Hires

  Instinet Continues Asia-Pacific Growth with New Hires   Instinet expands its Asia-Pacific sales team to support its plans for growth                                 in the region.  Business Wire  TOKYO -- June 11, 2010  Instinet, a global leader in electronic trading and agency-only brokerage services, today announced two new additions to its Asian sales team.  Glenn Lesko, CEO for Instinet in Asia, said the new staff represented the next step of Instinet’s Asia-Pacific growth after significantly expanding its Australian operations in February.  “We are focused on growing our domestic Asian client base, and demonstrating regional leadership in the provision of electronic trading tools is crucial in achieving that goal,” he said. “We’ve made considerable strides since I assumed responsibility for the Asian business ten months ago, and we are determined to keep up the momentum in the region.”  Kym Graham, Head of Asia-Pacific Sales, said the two new hires – Stephanie Tam and Jason Ledell – would further Instinet’s leadership in electronic trading.  “We are focused on growing the buyside’s use of our electronic trading tools throughout Asia-Pacific,” he said. “Adding Jason and Stephanie to our team is a big win for us and will add firepower as we work to increase Instinet’s penetration in the region.”  “We are delighted that someone of Jason’s calibre and experience has joined our Tokyo team,” said Joji Watanabe, Head of Asia-Pacific Equities. “We look forward to his help in growing Instinet’s Japanese business.”  Mr. Lesko said that trading Asian equities for Asian clients is an increasingly important area of focus for the firm. “Traditionally, Instinet has traded more Asian equities for global clients, and global equities for Asian clients,” he said. “What we are seeing now – as we continue to demonstrate to the market that our trading tools can both reduce trading costs and increase the transparency of those costs – is fast-growing demand for Asian equities from Asian clients.”  Instinet’s new team members are:    *Jason Ledell, Head of Product Sales, Japan: Jason joins Instinet from ITG     in Tokyo. Mr. Ledell built a solid framework of technology and industry     experience at ITG in New York before coming to Asia in early 2007, where     he has worked with a broad set of clients throughout the region. Mr.     Ledell holds a degree in Astrophysics from Brown University.   *Stephanie Tam, Sales Director, Asia (ex-Japan): Ms. Tam joined Instinet     from ITG in Hong Kong, where she managed and developed electronic trading     relationships. At Instinet, she will be responsible for growing the firm’s     electronic trading presence and product footprint in Asia. Prior to ITG,     Ms. Tam worked at Morgan Stanley Investment Management and Morgan     Stanley’s ModelWare. She holds a BA in Computer Science from Boston     University.  Ms. Tam and Mr. Ledell are the latest additions to Instinet’s Asia-Pacific sales and trading group over the past ten months, joining the recently expanded Instinet Australia team as well as the following individuals:  Tokyo:    *Makoto Nagahori, Head of Sales Trading, Instinet Japan: Mr. Nagahori is     responsible for Japanese sales trading and the sales of Instinet’s global     suite of trading products to both domestic Japanese clients and global     clients trading in Japan. Previously, Mr. Nagahori was a U.S. equity     portfolio trader at Instinet in New York, and a U.S. equity trader at     Nomura Securities International in New York. Mr. Nagahori holds both BA     and MA degrees from Tokyo University.  Hong Kong:    *Kym Graham, Head of Asia-Pacific Sales (ex-Japan): With 14 years’ industry     experience, Mr. Graham has been with Instinet in a number of roles for the     past seven years, most recently helping to build out the firm’s Australian     operations from 2004-2009. Prior to joining Instinet, he worked as a U.S.     and European equity sales trader at Citigroup and Credit Lyonnais,     respectively. Mr. Graham holds a BA in Economics and French from Durham     University.   *Joel Hurewitz, Head of Asia-Pacific Sales – Broker Dealer and Liquidity:     Mr. Hurewitz is responsible for the sale of Instinet’s products to other     broker dealers in the Asia-Pacific region, as well as the management of     the firm’s alternative execution venues in the region. Prior to joining     Instinet, Mr. Hurewitz was Head of Sales for BlocSec at CLSA, and     Asia-Pacific Head of Electronic Trading Products at HSBC. He has also been     an active member and supporter of FPL for the past ten years, including     editing FIX Global magazine.   *Bryce Kelly, Head of Asia-Pacific Product Strategy: Mr. Kelly joins the     Asia-Pacific team from Instinet in New York, where he was a member of the     firm’s Global Product Strategy group, concentrating on the Instinet     Execution Experts^™ algorithms and the Newport^® 3 EMS. Prior to joining     Instinet, Mr. Kelly managed EMS and algorithm projects for Nomura     Securities’ global front office, and also spent time at MSCI Barra,     developing quantitative risk modeling and portfolio construction tools for     equities, fixed income and derivatives. Mr. Kelly holds a BA in Applied     Mathematics from the University of California, Berkeley.  About Instinet  Instinet Incorporated is an electronic trading pioneer, having established the world’s first major electronic trading venue in 1969, one of the first recognized U.S. ECNs in 1997 and the first pan-European MTF in 2007. Through its subsidiaries and affiliates, Instinet operates two distinct business lines: a global network of agency-only brokers that seek to help institutions lower overall trading costs and improve investment performance through the use of innovative electronic trading products, including smart-routing, algorithms, DMA, dark pools and EMS platforms, and also provide sales trading, commission management services and independent research; and the Chi-X^® Global businesses, which aim to improve the efficiency of capital markets globally by providing high-performance, low-cost alternative execution venues and the technology required to power them. Instinet is a wholly-owned subsidiary of Nomura Holdings, Inc. For more information, please visit www.instinet.com.  ©2010, Instinet Incorporated and its subsidiaries. All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Approved for distribution in Japan by Instinet Japan Limited which is a Financial Instrument Dealer under the Financial Instrument and Exchange Law, registered with Kanto Local Financial Bureau (Registration No. 208) and is a member of Japan Securities Dealers Association (JSDA). Approved for distribution in Hong Kong by Instinet Pacific Limited which is authorized and regulated by the Securities and Futures Commission of Hong Kong. Approved for distribution in Australia by Instinet Australia Pty Limited (ACN: 131 253 686 AFSL No: 327834) which is regulated by the Australian Securities & Investment Commission. Approved for distribution in Singapore by Instinet Singapore Services Private Limited, which is regulated by the Monetary Authority of Singapore and is a trading member of The Singapore Exchange Securities Trading Private Limited and a clearing member of The Central Depository (Pte) Ltd. Approved for distribution in Europe by Instinet Europe Limited, which is authorized and regulated by the Financial Services Authority. Approved for distribution in Canada by Instinet Canada Limited, member IIROC/CIPF. Instinet LLC, member of SIPC, assumes responsibility for distribution to U.S. institutional investors.  Contact:  Media Westlake Communications Kristin Westlake Phone: +61-2-9449 8519/ Mobile: +61-4-1621 9358 Email: kristin@westlakecommunications.com.au or Instinet Mark Dowd Executive Director Global Corporate Communications & Public Relations Phone: +1-212-310-5331 Mobile: +1-201-376-9687 Email: mark.dowd@instinet.com