Instinet Europe CEO to Step Down

richard-balarkas-instinet
Richard Balarkas, Instinet

Richard Balarkas plans to step down as CEO of Instinet Europe to pursue other interests, according to reports. He will remain in his position as head of Instinet Europe, Nomura's agency brokerage arm, until a replacement is named. Balarkas made his name at Credit Suisse, where he eventually became global head of sales for its Advanced Execution Services (AES) algorithmic trading division. He came to Instinet in 2008, two years after Nomura purchased it for $1.2 billion from US private equity