World News: 15:00 GMT Wednesday 15th May 2019. [Cowen Inc. via Globe Newswire via SPi World News]
NEW YORK, May 15, 2019 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that Thomas Masterson, III has joined Cowen Prime Services LLC’s sales team as a Managing Director reporting to Jack Seibald and Michael Rosen, Co-Heads of Prime Brokerage and Oursourced Trading. Mr. Masterson, an experienced prime brokerage professional, will be based in Dallas, TX, leading the firm’s business development effort in the Southwest and Central states.
Masterson said, “I am excited to join the Cowen team and look forward to working with my new colleagues to further extend the reach of the firm’s global prime brokerage offering, its distinguished outsourced trading solution, and investor-oriented capital introduction program throughout the vast region I’ve called home for a very long time.”
Jack Seibald, Managing Director, said, “Thomas is a terrific addition to Cowen’s team. He not only brings a wealth of prime brokerage experience acquired from both introducing and bulge bracket firms, but also an exceptional reputation with investment managers and other industry service providers for the service he’s delivered to his clients.”
“The Southwest, and Texas in particular, is a key territory in our growth plan, and we believe Thomas’ considerable experience and qualifications make him the right person to represent our firm’s prime brokerage and outsourced trading offerings in the region,” said Michael Rosen, Managing Director.
Masterson comes to Cowen with 22 years of experience in securities brokerage, most of it in prime services. Most recently, he was Director and Head of Sales for Texas with Wells Fargo Prime Services in Dallas, where he worked since 2011, when Merlin Securities was acquired by Wells Fargo. After building the business in the Southwest, he oversaw the sales territory and was directly involved in sourcing, pricing, onboarding and managing client relationships. He also worked closely with the firm’s Outsourced Trading, Research Sales and Trading, Fixed Income, Private Banking, and Financial Advisory teams to identify additional opportunities to serve clients. Before that, Thomas was a Director in Prime Services with UBS Securities, LLC in Dallas from 2006-2011, and a Vice President in Prime Services with Bank of America Securities, LLC in Dallas from 2002-2006. Thomas began his financial services career with Charles Schwab & Co. in Tulsa in 1993, and subsequently spent five years with Fidelity Investments from 1997-2002. Thomas attended Texas A&M – Commerce.
Cowen Prime Services LLC offers a comprehensive suite of prime brokerage, outsourced trading and capital introduction services to investment managers with an array of solutions that are highly scalable and customizable. 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. The firm is a registered broker dealer and investment advisor with the SEC, and is a member of FINRA, NFA and SIPC. Cowen Prime Services’ solutions are offered internationally through the firm’s UK based affiliate, Cowen International Limited, which is authorized and regulated by the Financial Conduct Authority (FCA) in the UK.
For additional information, visit:
Gagnier CommunicationsDan Gagnier646-569-5897
Globe Newswire: 15:00 GMT Wednesday 15th May 2019
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