ON THE MOVE: Instinet Gets a New Chief, HSBC Names New LatAm Trading Head

Instinet announced Jonathan Kellner, formerly head of the firm’s Americas group, has taken over the chief executive reins from Fumiki Kondo. Knodo has been designated to become head of Nomura Asset Management’s overseas client division in Tokyo. Prior to being named chief executive, Kellner served as head of Instinet’s Americas businesses. He joined the Nomura Group in 2003 and moved to Instinet in 2007 following its acquisition of the company. Kellner previously held senior trading and technology positions at Charles Schwab, Investment Technology Group and Morgan Stanley.


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HSBC announced that Renato Naigeborinjoined as head of equity trading for Latin America. Naigeborin will be based in Brazil where he will manage the investment bank’s suite of Latin America equity products such as structured equity derivatives, prime, and cash. Naigeborin will work with the HSBC Sales, Asset and Structured Finance, and Global Banking teams to develop new products and ultimately bring the bank’s global equity offerings to Latin American clients. Before joining HSBC, Naigeborin was a partner at BR Partners, a Brazilian boutique investment bank. He also served as head of equity trading at Citibank Brazil and previously, as Head of Equity Derivatives at Merrill Lynch. He reports to Otavio Mendes, head of global markets for Brazil, and Delfos Machado, head of equity trading for the Americas. [IMGCAP(1)]

Dallas, Texas-based agency-only broker Capis hired three people for its newly created wrap trading business. The team is led by ex-Cowen pros Mark Viani as director of managed accounts solutions and Robert McHeffeyworking alongside as a sales executive. Viani, a 28 year pro, most recently worked as managing director, in Cowen’s electronic products group. McHeffey, also a 28 year veteran, worked alongside Viani as a sales executive. McHeffey most recently was co-director, electronic products group at Cowen.

Capis also hired Jessica Oliveras-Yu as a client service representative. Oliveras-Yu, a 16 year market pro, was also most recently at Cowen as a vice president in the electronic products group.