Mark Kelly Joins Cowen Execution Services Limited as Global Head of Alternative Equity Strategies

Rhea-AI Summary

Cowen Inc. (NASDAQ:COWN) has appointed Mark Kelly as Managing Director and Global Head of Alternative Equity Strategies for Cowen Execution Services Limited (CESL), based in London. This strategic move aims to enhance Cowen's international platform and boost its growth in cross-asset offerings. Kelly brings over 20 years of experience, including previous roles at Olivetree Financial, Morgan Stanley, and Merrill Lynch. His expertise will enable Cowen to cater to a diverse range of investors by providing innovative investment approaches in complex situations.

Positive

• Mark Kelly's appointment signals a commitment to expanding Cowen's international platform.
• Kelly brings over 20 years of experience, enhancing Cowen's expertise in alternative equity strategies.
• The move is expected to reinforce Cowen's growth in cross-asset offerings.

Negative

• None.

NEW YORK, June 01, 2021 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that Mark Kelly has been named Managing Director and Global Head of Alternative Equity Strategies for Cowen Execution Services Limited (CESL). He will be based in London and report to Matt Cyzer, Chief Executive Officer of CESL.

“We’re excited to add Mark and his unique, global expertise to the Cowen team, as we continue building a best-in-class international cross-asset franchise. His appointment not only accelerates the continued growth of Cowen’s franchise, but reinforces Cowen’s commitment to building out our international platform in London,” said Mr. Cyzer. “Cowen is experiencing tremendous growth and the addition of Mark creates further momentum toward our goal of helping clients in increasingly broad and creative ways.”

Mr. Kelly brings more than 20 years of practice and deep expertise advising a broad range of investors, from specialist arbitrage funds to the world’s largest pension funds, and issuers in how to navigate complex event-driven investment opportunities and catalyst-driven special situations. Prior to joining Cowen, he spent 11 years at Olivetree Financial Limited, where he served as the firm’s European Chief Executive Officer and Global Head of Event Driven. Prior to this, Mr. Kelly spent three years at Morgan Stanley and six years at Merrill Lynch where he worked in Equity Sales. Mr. Kelly holds an M.E. in Aerospace, Aeronautical and Astronautical Engineering from University of Bristol.

“I’m excited to be joining Matt and a truly world-class cross-asset and event-driven strategies team at Cowen,” said Mr. Kelly. “We have entered an era when the marketplace understands the growing need for innovative investment approaches and expertise in difficult to model situations. In broadening Cowen’s slate of alternative offerings, we will be able to bring specialized investment capabilities to our clients around the world.”

Cowen Execution Services Limited (CESL) is a leading independent, non-conflicted trading platform providing execution services in more than 100 markets worldwide over a full range of multi-asset capabilities.  CESL, and its affiliate in the UK, is highlighted by exceptional algorithmic execution capabilities, an award-winning, full service, prime brokerage team and access to Cowen’s cutting edge research based in the United States.

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.

© 2021 Cowen Prime Services LLC Member FINRA/SIPC. All Rights Reserved

Media Contact:
Gagnier Communications
Dan Gagnier
646-569-5897
dg@gagnierfc.com

 

FAQ

What is the significance of Mark Kelly's appointment at Cowen Inc.?

Mark Kelly's appointment as Managing Director and Global Head of Alternative Equity Strategies is significant as it aims to enhance Cowen's international platform and strengthen its growth in cross-asset offerings.

Who is Mark Kelly and what experience does he bring to Cowen Inc.?

Mark Kelly brings over 20 years of experience in finance, having previously held senior roles at Olivetree Financial, Morgan Stanley, and Merrill Lynch, focusing on complex investment opportunities.

How will Mark Kelly's role impact Cowen Inc.'s growth strategies?

Kelly's role is expected to accelerate Cowen's growth by broadening its slate of alternative investment offerings, catering to a diverse range of investors.

What is Cowen Execution Services Limited (CESL)?

CESL is Cowen's independent trading platform offering execution services across more than 100 markets, known for its algorithmic execution capabilities and prime brokerage services.