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Instinet expands Asian and Latin American e-trading teams

14 May 2007  |  1666 views  |  0 Source: Instinet

Instinet, a global agency broker and wholly-owned subsidiary of Nomura Holdings, today announced the addition of three new positions covering Asia and Latin America.

Christian Chan has been promoted to Head of Electronic Trading, Asia, a newly created position reporting to Nick McDonald, Head of Asian Equities. Mr. Chan, who is based in the firm's Tokyo office and currently leads the sales and marketing efforts for JapanCrossing, Japan's largest crossing network, and CBX Japan, a continuous electronic market, will oversee Instinet's entire suite of crossing, direct market access (DMA) and algorithmic trading products and services for the Asia-Pacific region. Mr. Chan has previously held sales positions at HSBC and Société Générale, and is a graduate of New York University's Stern School of Business.

Additionally, Ali Shakhori has been hired to direct Instinet's Asian DMA Group, also a newly created position. Mr. Shakhori, who will report to Mr. Chan, will be based in Instinet's Hong Kong office and will lead DMA sales and trading for the firm throughout Asia, with the exception of Japan. Mr. Shakhori joins from E*Trade, where he most recently served as a manager in the firm's Electronic Trading Group, and is a graduate of Copenhagen University.

Finally, Edward Sares has been hired as a sales trader on Instinet's international trading desk in its New York headquarters, spearheading Instinet's entry into the Latin American markets. Mr. Sares, who will report to Glenn Lesko, Head of U.S.-Based International Sales and Trading, joins Instinet from Fimat USA, where he served as Director of Global Equity Products. Prior to that Mr. Sares helped develop Knight Securities' European operations, and he has held Latin American sales trading positions at Baring Securities and Credit Lyonnais. Mr. Sares is a graduate of Columbia University.

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