Instinet, the equity executive services arm of Nomura Group, has announced its latest senior appointment today, promoting Stuart Knowling as its chief executive officer for the Asia-Pacific region with immediate effect, the company said in a statement.
Knowling has been the chief operating officer for Instinet Asia since 2010, during which he oversaw the company's three offices and managed the day to day operations of the corporate teams in Hong Kong. He replaces Tetsuhiro Nishi, who is stepping up to lead Nomura's execution services for the Asia ex-Japan region, also based in Hong Kong.
Nishi’s appointment is subject to regulatory approval. He will report to Rig Karkhanis, head of global markets at Nomura for the Asia ex-Japan region and Norikazu Akedo, global head of equities at Nomura.
Nishi said he would “deepen the collaboration between Nomura and Instinet” in the newly created role.
“By partnering with Instinet, we will further develop our execution services products to ensure they remain relevant to our clients,” he said in the statement.
Knowling will report to Jonathan Kellner, CEO of Instinet Holdings Incorporated. Kellner said in the statement that Knowling had been “instrumental” in driving Instinet’s growth in Asia.
Knowling joined Instinet in 2008 and worked in Australia as the country head before moving to Hong Kong in 2010. Prior to Instinet, he worked at Deutsche Bank for about ten years, where he managed the german bank's outsourcing projects across Asia.
Commenting on his new position, Knowling said "It's an exciting time for our industry. Instinet is well positioned to continue to help clients meet their best execution obligations with our electronic trading tools and execution consulting team."
