Nomura Holdings, today announced that it has closed its acquisition of Instinet for a final price of US$1.2 billion. Nomura also announced a new board of directors at Instinet as outlined below.
Nomura's acquisition of Instinet comes as hedge funds and other institutional investors increasingly look to place orders with firms that can deliver sophisticated trading technologies and execution services. The acquisition is part of Nomura's ongoing strategy to strengthen its capabilities in this area.
"Instinet brings with it leading-edge execution infrastructure and technologies as well as extensive expertise in execution services. Combining this with our high-quality research coverage will allow us to deliver optimal solutions to meet the diverse execution needs of our clients. We are now looking to expand our business and seek further growth by achieving synergies with Nomura Group's strong client base," said Nobuyuki Koga, Nomura President and CEO.
"As one of the world's foremost global agency brokers, Instinet is excited to officially join the Nomura family," said Ed Nicoll, Chairman of Instinet. "We believe that institutional clients around the world will find great value in the combination of our electronic execution tools with Nomura's suite of research and execution services and global liquidity."
Instinet Board of Directors (as of February 1, 2007)
- Edward J. Nicoll Director
- Fumiki Kondo Director
- John Fay Director
- Alex Goor Director
Hidekazu Matoba Director
- Yasuo Agemura Director
- Hiromasa Yamazaki Director
- David Findlay Director