Fay used to be Island ECN’s chief financial officer before the two companies merged , according to a press announcement.
Instinet, an electronic agency securities broker, also announced the following appointments, effective immediately:
- Will Sterling, Island’s president and chief technology officer, will also lead Instinet’s Broker-Dealer Execution & Clearing Group
- Andrew Goldman, formerly head of corporate communications for Island, will lead Instinet’s Global Marketing & Communications
- Alex Goor will also lead strategy and planning for Instinet.
All of the executives will report to Instinet Chief Executive Ed Nicoll.