Instinet Names Jonathan Kellner as CEO

Kellner is taking on the CEO position at a time when Instinet has become the equity execution arm of Nomura Group, and is playing a key strategic role in its global equities franchise.

Instinet Incorporated announced the naming of Jonathan Kellner as CEO of the electronic brokerage firm. Prior to his CEO appointment, Kellner served as head of Instinet’s Americas businesses. He replaces Fumiki Kondo, who has been named head of Nomura Asset Management’s overseas client division in Tokyo.

“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,” stated Naoki Matsuba, co-head of Nomura’s Global Markets division and chairman of Instinet Incorporated. “We’re very pleased to name Jonathan as CEO of Instinet and leverage his leadership skills and market expertise in a global capacity,” added Matsuba.

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In a statement, Kellner commented: “Instinet has long been one of the world’s preeminent providers of electronic brokerage services, and with the role we now play within the Nomura Group, our relevance to the buy side has never been greater. I’m extremely excited to be taking on this position at this point in the firm’s history.”

Kellner joined Nomura Group in 2003 and moved to Instinet in 2007 following its acquisition of the company. Kellner previously held senor trading and technology positions at Charles Schwab, Investment Technology Group (ITG) and Morgan Stanley.

Instinet was acquired from a private equity firm for $1.2 billion in 2006. A pioneer in electronic trading, Instinet developed one of the first U.S. ECNs and more recently the Chi-X businesses in Europe and Asia. Like other brokerage firms, it has developed an advanced suite of trading tools and algorithms, which together with its high-touch trading group help institutions to lower their overall trading costs and ultimately improve performance

In 2012, Nomura Group moved to consolidate its equity execution services in Instinet to eliminate overlaps between the agency broker and Nomura’s own traditional cash equities business which had been competing against each another for years.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio