"Jean-Marc has played a key role over the last several years in building Instinet's business, helping to lead the organization through a very challenging time for the industry, and strengthening its relationships with institutional customers through the development of leading edge products and services," said Edward J. Nicoll, Instinet's Chief Executive Officer. "We greatly appreciate his service to Instinet and the years of hard work he put into this company, including his role in supporting the integration of the two companies. I am confident that he will continue to be a leader in whatever his future pursuits may be."
This management change is part of Instinet's ongoing effort to produce a more efficient corporate structure and consolidate management responsibilities. Consistent with these goals, Bouhelier's direct reports will, for the interim, report to Ed Nicoll.
"My time at Instinet has been a great experience, and I will always cherish the opportunity to have worked with some of the most talented and dedicated individuals in this industry," said Bouhelier. "Together, we re-positioned Instinet as the leading market place for OTC securities and delivered great new products to our institutional customers, and I'm sure that the Instinet team will continue to distinguish itself. For me personally, it's time to move on to new challenges and opportunities."
