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ON THE MOVE: Instinet Names Roberts CEO

Traders Magazine Online News, December 11, 2018

John D'Antona Jr.

Instinet Incorporated, the equities broker owned by Nomura Holdings, has appointed Ralston Roberts as its CEO, replacing long-time veteran Jonathan Kellner who recently left the firm to join cryptocurrency exchange Coinbase. At Goldman Sachs, Roberts was a Managing Director and Co-Head of Execution Services for EMEA. Before working at the multinational investment bank, in June 2013, he was named as the chief operating officer for real-time market data and network services at SunGard, a software provider.

If you have a new job or promotion to report, let me know at jdantona@marketsmedia.com 

IEX Group, which operates the stock exchange IEX, has promoted Elaine Wah to Head of Quantitative Research. Wah has led the exchange’s Market Quality Group since 2016, overseeing market structure research as well as real-time and historical analysis of trading activity on the exchange. The Quantitative Strategy team was previously led by Daniel Aisen.  Prior to joining IEX, Wah had roles at the SEC’s Division of Economic and Risk Analysis and Microsoft Research New York City. Wah reports to Eric Stockland.

Elaine Wah

Evercore ISI hired electronic trading veteran Jesse Forster as a Director of Electronic Trading. Jesse spent the last 15 years at Instinet, where he specialized in cross-border electronic trading and algorithmic sales, along with US market structure and TCA consulting to US and international clients. 

Morgan Lewis fortified its top-tier tax practice by adding Sarah Nelson, a former Credit Suisse Securities (USA) LLC director, as a securitization tax partner with a particular focus on the tax aspects of structured finance transactions. Nelson, who will be resident in New York, previously led legal in-house coverage of commercial real estate finance and commercial mortgage-backed securities at Credit Suisse and formerly worked at other global law firms.

Saxo Bank hired Thomas Hovard to the position as COO of Global Distribution and Client Services, effective February 4, 2019. In his role at Saxo Bank, he will be responsible for the ongoing operations of the Global Distribution and Client Services organisation and ensuring that the Group’s client-centric strategy is executed across markets. Hovard joins Saxo Bank from Danske Bank where he most recently served as Global Head of DCM Sales & Research during a 16 year tenure. He will report directly to Damian Bunce, Chief Commercial Officer of Saxo Bank.

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