NEW YORK, Sept. 17, 2018 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that Mike Healey has been named Chief Operating Officer (“COO”) of Markets, expanding his responsibilities from his prior position as COO of Equities. In his new role, Mr. Healey is responsible for overseeing and managing Cowen’s growth in Equities as well as in the Cross Asset Group, which is comprised of businesses formerly known as Special Situations, Credit and Alternative Credit. He will continue to report to Dan Charney, Co-President, Cowen and Company.
“This newly created position will enable us to continue expanding and scaling our global footprint and to further strengthen the capabilities of our Markets team to offer products and services that maximize the efficiency of our clients,” said Dan Charney. “Since joining the firm, Mike has been instrumental in the strategic evolution and expansion of our Equities division and we are confident that his extensive trading experience and client-centric focus will further solidify Cowen’s position as a global market leader.”
Mike Healey added, “Having worked in the financial industry for many years, Cowen is a truly unique firm. Not only does the Company encourage a collaborative work environment, but it is also focused on its vision to offer and optimize innovative solutions for our global clients. I am honored to take on this important role and oversee, what I consider to be, the best Markets team in the industry.”
John Holmes, COO of Cowen Inc. said, “Mike’s knowledge and understanding of the equities and cross asset markets has proven invaluable as Cowen continues to expand the breadth and depth of its solutions for clients. I look forward to working closely with Mike as he leads the integration of these two critical businesses and oversees the collaboration with our clients toward a more efficient approach across the capital structure.”
Prior to joining Cowen, Mr. Healey was a Senior Vice President at Jefferies in the electronic trading sales group and spent more than a decade at UBS where he held a variety of roles in the COO’s Business Management department and as an Executive Director for Direct Execution Sales.
About Cowen Inc.
Cowen Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides investment management, investment banking, research, sales and trading, prime brokerage, global clearing and commission management through its two business segments: Cowen Investment Management and its affiliates make up the Company’s investment management segment, while Cowen and Company, a member of FINRA and SIPC, and its affiliates make up the Company’s investment bank segment. Cowen Investment Management provides investment management solutions to a global client base and manages a significant portion of Cowen’s proprietary capital. Cowen and its affiliates offer industry focused investment banking for growth-oriented companies, domain knowledge-driven research, a sales and trading platform for institutional investors, global clearing and commission management services and also a comprehensive suite of prime brokerage services. Founded in 1918, the firm is headquartered in New York and has offices worldwide.
Source: Cowen Inc.