Awarded “Prime Broker of the Year” by The TRADE
Named “Best Prime Broker – Client Service” by Global Custodian
NEW YORK, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that its prime services division, Cowen Prime Services LLC, received two industry awards for outstanding achievements in prime brokerage. Cowen was named the 2018 “Prime Broker of the Year” by the TRADE, a leading news-based website for buy-side traders and hedge funds. Cowen also was distinguished as “Best Prime Broker – Client Service” at the 2018 Global Custodian Industry Leaders Awards. The Global Custodian Industry Leaders Awards are based on Global Custodian’s market-leading surveys administered throughout the year.
“We are honored to cap off another strong year of growth with two more awards for the service we provide our clients,” commented Jack D. Seibald, Global Co-Head of Prime Brokerage Services at Cowen. “To be distinguished as a leader within the industry drives home our commitment to helping our clients outperform. We would like to thank these publications for the recognition and our team for their continued hard work and dedication.”
Michael S. Rosen, Global Co-Head of Prime Brokerage Services, added, “We are excited to maintain this momentum as we head into 2019. Our prime brokerage business continues to grow, as we remain focused on supporting our clients with the best-in-class tools and services that allow them to focus on their investment processes and generating returns.”
About Cowen Prime Services LLC
Cowen Prime Services LLC offers a comprehensive suite of brokerage and related services that provide investment managers with solutions that are customizable and scalable. The firm was built by former investment managers to serve hedge fund managers, managed account platforms, institutional investors, family offices, and registered investment advisors with turn-key solutions designed to unburden our clients of their operating responsibilities and allow them to focus on their core competencies – investing. Our offering features US prime brokerage, international prime brokerage, electronic and high-touch execution, a full outsourced trading solution, commission management, financing and stock loan, middle and back office support, pre and post trade compliance, capital introduction, new launch consulting, and portfolio and risk analytics. Cowen Prime Services was formed in 2015 following Cowen’s acquisition of Concept Capital Markets, LLC. The firm is a registered broker dealer and investment advisor with the SEC, and is a member of FINRA, NFA and SIPC.
For additional information, visit: www.cowen.com/capabilities/prime-services/
About Cowen Inc.
Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm that operates through two business segments: a broker dealer and an investment management division. The Company’s broker dealer division offers investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing and commission management services. Cowen’s investment management segment offers actively managed alternative investment products. Cowen Inc. focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the firm is headquartered in New York and has offices worldwide. Learn more at Cowen.com
Source: Cowen Inc.