Cowen Mourns the Passing of Director Jack H. Nusbaum
Cowen Inc. (NASDAQ:COWN) announced the unexpected passing of Director Jack H. Nusbaum on January 11, 2021. Nusbaum had been a board member since November 2009 and played a significant role in the company for over 30 years. As a Senior Partner at Willkie Farr & Gallagher LLP, he served as the firm’s Chairman from 1987 to 2009. CEO Jeffrey M. Solomon expressed deep sorrow over Nusbaum's death, highlighting his invaluable guidance and the positive impact he had on the organization. Cowen, founded in 1918, is a diversified financial services firm with a broker dealer and investment management division.
- Long-term board member Jack H. Nusbaum contributed significantly to Cowen for over 30 years.
- Nusbaum's mentorship and guidance were praised by CEO Jeffrey M. Solomon, indicating strong leadership succession.
- The sudden loss of a key board member may create uncertainty in leadership direction.
NEW YORK, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced with great sadness that Director Jack H. Nusbaum passed away unexpectedly on January 11, 2021.
Mr. Nusbaum has served as a member of Cowen’s Board since November 2009. He has been an advisor and friend to members of the Company’s leadership for over 30 years. Mr. Nusbaum was also a Senior Partner of the New York law firm of Willkie Farr & Gallagher LLP, serving as the firm’s Chairman from 1987 through 2009 and a partner in that firm for fifty years.
Jeffrey M. Solomon, Chair and Chief Executive Officer of Cowen, said, “All of us at Cowen are deeply saddened by the sudden passing of our long-time board member Jack Nusbaum. He was not only a trusted advisor and good friend; he was a member of our family. His wise counsel, intuitive insights and moral compass have made us a better organization over the past decade. His mentorship and guidance have been a constant in my life for over 30 years. We will miss his positivity, candor and larger-than-life presence. We extend our deepest sympathies to his family and friends.”
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.
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Media Contacts:
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Dan Gagnier
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