Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today announced the appointment of Glenn Lesko as CEO of Instinet in Asia.
In this new role, for which he will relocate from New York to Hong Kong, Mr. Lesko will be responsible for Instinet's business units - Instinet Japan Limited, Instinet Pacific Limited, Instinet Singapore Services Pte. Limited and Instinet Australia Clearing Services Pty Limited - in the region.
"We are delighted to announce this appointment, as Glenn brings a wide range of experience, talent, vision and energy to the role," said Fumiki Kondo and Anthony Abenante, co-Chief Executive Officers of Instinet Incorporated. "As someone with significant electronic trading experience in the region from both a buyside and sellside perspective, Glenn understands the needs of our clients in Asia and the challenges posed by today's rapidly changing global equities market."
"As I have witnessed firsthand over the past three years at Instinet, our firm provides an extremely compelling value proposition to buyside clients in Asia, particularly as unbundling takes hold and the need for best execution is heightened," said Mr. Lesko. "With our agency-only model, advanced trading technology and talented team of trading professionals throughout Instinet's four Asian locations, I am truly excited by our opportunities and prospects for success."
Mr. Lesko, a CFA charterholder with nearly 20 years of industry experience, previously headed Instinet's U.S.-based International Trading Group. Mr. Lesko joined Instinet in 2006 from CF Global Trading, where he had served as a partner since 2003, and before that, served two years as a managing director at Deutsche Bank, directing the firm's international trading desk. Prior to that, Mr. Lesko spent 10 years at ABN AMRO and its affiliates, first heading its Asian trading desk in Hong Kong and later its international trading desk in New York.