Instinet Names Glenn Lesko CEO of Asian Businesses

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.

About Instinet

Instinet is an electronic trading pioneer, having established the world’s first significant electronic trading venue in 1969, one of the first recognized U.S. ECNs in 1997 and the first pan-European MTF in 2007. Through its subsidiaries and affiliates, Instinet operates two distinct business lines: a global network of agency-only brokers that seek to help institutions lower overall trading costs and improve investment performance through the use of innovative electronic trading products, including smart-routing, algorithms, DMA, dark pools and EMS platforms, and also provide sales trading, commission management services and independent research; and the Chi-X^® trading systems, which aim to improve the efficiency of capital markets globally by providing high-performance, low-cost alternative execution venues. Instinet is a wholly-owned subsidiary of Nomura Holdings, Inc. For more information, please visit www.instinet.com.

©2009 Instinet Incorporated. All rights reserved. INSTINET is a registered trademark in the United States and in other countries throughout the world.

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