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Cowen

Cowen
Leadership team

Mr. Jeffrey Marc Solomon (Chairman & CEO)

Mr. Stephen A. Lasota CPA (MD & CFO)

Mr. John J. Holmes (MD & COO)

Products/ Services
Banking, Finance, Financial Services, Impact Investing
Number of Employees
1,000 - 20,000
Headquarters
New York, New York, United States
Established
1918
Company Registration
SEC CIK number: 0001466538
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
COWN
Social Media
Overview
Location
Summary
Cowen Inc., together with its subsidiaries, provides investment banking, research, sales and trading, prime brokerage, global clearing, securities financing, commission management, and investment management services in the United States and internationally. It operates in two segments, Operating Company (Op Co) and Asset Company (Asset Co). The company offers public and private capital raising, and strategic advisory services for public and private companies. It also trades common stocks, listed options, equity-linked securities, and other financial instruments on behalf of institutional investor clients. In addition, the company offers investment products and solutions in the liquidity spectrum to institutional and private clients, as well as provides investment research services. Further, it is involved in the private investment, private real estate investment, and other legacy investment activities. The company was founded in 1918 and is headquartered in New York, New York.
History

Founded as a bond trading house, Cowen expanded in its early years to include correspondent clearing and execution services. As the firm grew, it developed a leadership position in railroad bonds and launched a research and institutional sales business. The firm expanded significantly in the 1970s in research and retail, opening six offices from coast-to-coast and expanding its business offerings through acquisitions: Hardy & Company; Greene & Ladd; G.S. Grumman; and McCloy-Watterson & Co., Inc. In the 1980s, Cowen expanded internationally, established an investment banking business, and set up offices in London, Geneva, Paris, and Tokyo. In the 1990s, the firm grew the investment banking business, beginning with five initial public offerings and follow-ons for approximately $200 million, growing to nearly 80 transactions and $5 billion in proceeds by 1995.In 1998, the company was acquired by Société Générale and renamed SG Cowen. In 2000, Cowen sold its private client services unit to Lehman Brothers, retaining its investment banking, research and sales and trading operations. Cowen operated as a unit of Societe Generale until 2006, when it was spun off in an initial public offering and renamed itself, Cowen and Company. The public offering was joint bookrun by Cowen, Credit Suisse and Merrill Lynch.On August 2, 2022, Toronto-Dominion Bank announced it had reached an agreement with Cowen to acquire it for US$1.3 billion, translating to $39 per share. TD announced that Cowen chair and CEO Jeffrey Solomon would join the senior leadership of TD's securities division following the acquisition, and that the combined business will be known as TD Cowen, headed by Solomon.

Mission
Our mission is to create long-term value for clients, shareholders and partners by being a trusted and admired financial services firm.
Vision
We strive to be an innovative and specialized financial services firm with high-level thought leadership, and a commitment to client relationships and risk-adjusted returns
Key Team

Mr. Owen S. Littman (MD, Gen. Counsel & Sec.)

Mr. Daniel S. Charney (MD & Co-Pres)

Mr. Larry Scott Wieseneck (Co-Pres & Head of Investment Banking)

Ms. Elizabeth Flisser Rosman (MD & Head of Investment Management)

Mr. André Albert Augier (Vice Chair of Investment Banking)

Mr. John DiMaiuta (MD & Chief Technology Officer)

Mr. James T. Farley (MD & Head of Investor Relations)

Recognition and Awards
Cowen Group has earned numerous awards for excellence in research, investment banking and asset management in the past decade. In 2019, Institutional Investor magazine recognized Cowen as the “#2 Americas Equity Research Firm” and “#3 All-Americas Investment Bank.”
References

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Cowen
Leadership team

Mr. Jeffrey Marc Solomon (Chairman & CEO)

Mr. Stephen A. Lasota CPA (MD & CFO)

Mr. John J. Holmes (MD & COO)

Products/ Services
Banking, Finance, Financial Services, Impact Investing
Number of Employees
1,000 - 20,000
Headquarters
New York, New York, United States
Established
1918
Company Registration
SEC CIK number: 0001466538
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
COWN
Social Media