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Published on: 10/1/2006
Last Visited: 4/5/2007
Instinet names John F. Fay and Alex Goor as Co-CEOs
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Instinet, the former Reuters-owned agency broker acquired recently by Japanese securities house Nomura, has promoted John F. Fay and Alex Goor to co-CEO.
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Fay and Goor, previously co-presidents of the firm, succeed Edward J. Nicoll, who remains as chairman.
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"I have worked side by side with John and Alex for over 10 years, and have watched them develop their considerable talents and vision," says Nicoll.
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"Instinet has long been a pioneer in electronic trading, relying on advanced trading technologies, global reach and, above all else, dedicated client service," says Goor.
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Fay will direct Instinet's businesses in Europe and Asia as well as its finance organization, while Goor will continue to lead Instinet's North American business as well as its technology operations.
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Goor previously served as President of Inet ATS, Inc., which Instinet sold to Nasdaq in 2005, and before that held senior management positions at Datek Online and Watcher Technologies.Goor serves on the Board of Bond Desk Group and is a graduate of Columbia University.