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Blog Exposure - Cowen Announces New CEO Pursuant to Succession Plan

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LONDON, UK / ACCESSWIRE / December 04, 2017 / Active-Investors issued a free report on Cowen Inc. (NASDAQ: COWN), which is readily accessible upon registration at www.active-investors.com/registration-sg/?symbol=COWN as the Company's latest news hit the wire. On December 01, 2017, the Company declared that it has appointed Jeffrey M. Solomon as the Company's next Chief Executive Officer (CEO), effective December 27, 2017, in-line with the Company's succession plan. Sign up now for our free research reports at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Cowen most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

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Solomon will keep his role as President of the Company, and will replace Peter Cohen, who has been the CEO since 2009, and was the Founder of its predecessor firm, Ramius Capital. Cohen will remain the Chairman of Cowen.

Jeffrey M. Solomon's Professional Background

Solomon served as Cowen's Chief Operating Officer (COO) and Head of Investment Banking. He joined Cowen Investment Management when it was founded in 1994, and was responsible for the development, management, and oversight of a number of the investment strategies employed.

Currently, Solomon is a Director of NuGo Nutrition. He is also Co-Chairman of the Equity Capital Formation Task Force, and is a member of the Committee on Capital Markets Regulation. Solomon graduated from the University of Pennsylvania in 1988 with a BA in Economics.

Peter Cohen's Career Graph

Cohen serves as Chairman of the Company's Board of Directors. He has served as a member of the Management and Operating Committees of Cowen since November 2009. From November 1992 to May 1994, he was the Vice Chairman and a Director of Republic New York Corp., and was a member of its Executive Management Committee. Cohen was also Chairman of Republic New York Corp.'s subsidiary, Republic New York Securities Corp. Cohen was Chairman of the Board and CEO of Shearson Lehman Brothers from 1983 to 1990. Cohen has also served on a number of corporate, industry, and philanthropic Boards, including the New York Stock Exchange, The Federal Reserve International Capital Markets Advisory Committee, The Depository Trust Co., The American Express Co., Olivetti SpA, Telecom Italia SpA, and Kroll Inc.

Presently, Cohen is a Trustee of Mount Sinai Medical Center, VC and Lead Director of the Board of Directors of Scientific Games Corp., and Director of Safe Auto Insurance.

Cowen Made Changes to Its Leadership Team in November

On November 01, 2017, the Company made some changes and additions to its leadership team. Larry Wieseneck joined Cowen as Co-President. Dan Charney, Head of Equities, was also named Co-President. Cowen also announced the establishment of a Management Committee, including executives from across the organization, which would be responsible for the execution of the Company's long-term strategy. Kevin Raidy, who has served as Cowen's Head of Investment Banking, was named Managing Partner of Cowen Healthcare Investments.

About Cowen Inc.

Founded in 1918, Cowen is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative asset management, investment banking, research, sales and trading, prime brokerage, global clearing, and commission management through its two business segments, namely the Investment segment and the Broker-Dealer segment. Cowen Investment Management and its affiliates make up the Company's alternative Investment segment, while Cowen and Co., a member of FINRA and SIPC, and its affiliates make up the Company's Broker-Dealer segment.

Stock Performance Snapshot

December 01, 2017 - At Friday's closing bell, Cowen's stock fell 2.68%, ending the trading session at $14.50.

Volume traded for the day: 366.16 thousand shares, which was above the 3-month average volume of 286.97 thousand shares.

Stock performance in the last twelve-month period – up 3.57%

After last Friday's close, Cowen's market cap was at $564.49 million.

Price to Earnings (P/E) ratio was at 72.86.

The stock is part of the Financial sector, categorized under the Investment Brokerage - National industry. This sector was up 0.1% at the end of the session.

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