Instinet Japan Limited has appointed Joseph Marchal as CEO and Head of Japanese Equitie.
Marchal joins Instinet with over 19 years experience in the Japanese Equity business. Most recently he held the position of Managing Director for Deutsche Securities Limited (D.S.L.), a division of Deutsche Bank where he was responsible for managing the Japanese Equity Sales Trading operation in Tokyo, London and New York.
Prior to DSL, he was Director, Head of Japanese Equity Sales Trading at Nikko Salomon Smith Barney for six years. His experience also includes working as deputy manager of trading at Fidelity Investments responsible for trading Japanese & Korean equities, and as Head of International Sales Trading at Daiwa Securities International.
Marchal started his career in 1985 at Maruso Securities where he was one of only three foreigners ever to have worked as a Principal Trader on the floor of the Tokyo Stock Exchange.
“This appointment is the third senior international hire in as many months and is a reflection of Instinet’s commitment to building a strong and experienced international management team,” says Tony Mackay, Head of International Equities, Instinet Europe. “Joe’s traditional sales-trading background, his extensive knowledge of the Japanese equities market, and his relationships with customers will be enormously valuable in the day-to-day running of our Japanese brokerage business.”
Explaining why he chose Instinet over other opportunities, Marchal said “I think Instinet’s unconflicted business model, sophisticated technology and global presence are the perfect combination in today’s marketplace, and the ability to deliver superior execution quality will allow me to continue Instinet’s impressive growth in the region.”
Marchal will report to Tony Mackay.