NEW YORK, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Cowen Inc. (COWN) (“Cowen” or the “Company”) today announced that William Bassin has joined Cowen Prime Services LLC capital introduction team as a Director. Mr. Bassin, an experienced investment professional, will play an integral role in expanding Cowen’s reach into the alternative investor space while working with prime brokerage and outsourced trading clients on their capital raising efforts.
Bassin said, “I am excited to join the Cowen team and build on its investor oriented approach and value-added services for both investment managers and institutional allocators. I’m looking forward to helping Cowen’s clients grow their businesses while introducing manager and investor relationships to Cowen’s wide range of resources.”
Jack Seibald, Managing Director and Global Co-Head of Prime Brokerage and Outsourced Trading, said, “Bill is a terrific addition to Cowen’s team. He brings a wealth of relevant experience with both hedge fund managers and allocators that fits very well with our capital introduction philosophy and our efforts to further extend Cowen’s reach in the alternative investment space. His unique background in investment allocation and manager research, combined with his capital introduction experience, is a perfect complement to our existing business strategy and the message we articulate to our clients. Cowen’s global capital introduction team continues to grow and now has professionals located in New York, Stamford, Dallas, and London.”
Previously, Mr. Bassin was a member of the capital introduction team at Wells Fargo Securities, where he worked closely with both hedge fund managers and investors, and forged numerous institutional investor relationships, particularly in the Endowment and Foundation space. Mr. Bassin also previously worked in prime brokerage and capital introduction at Lehman Brothers and UBS Securities, and served in various investment/research and asset raising capacities at several firms, including Auda Hedge, The Museum of Modern Art Endowment, and UBP Asset Management. For the past 13 years, Mr. Bassin has been an Adjunct Professor of Financial Management at New York University where he teaches a hedge fund class. Mr. Bassin earned an MBA from Columbia Business School, a JD from Emory University School of Law, and a Bachelor’s degree in Economics from Dartmouth College, all with honors.
About Cowen Prime Brokerage
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: http://www.cowen.com/capabilities/outsourcedtrading/
About Cowen Inc.
Cowen Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides investment management, investment banking, research, sales and trading, prime brokerage, global clearing and commission management through its two business segments: Cowen Investment Management and its affiliates make up the Company’s investment management segment, while Cowen and Company, a member of FINRA and SIPC, and its affiliates make up the Company’s investment bank segment. Cowen Investment Management provides investment management solutions to a global client base and manages a significant portion of Cowen’s proprietary capital. Cowen and its affiliates offer industry focused investment banking for growth-oriented companies, domain knowledge-driven research, a sales and trading platform for institutional investors, global clearing and commission management services and also a comprehensive suite of prime brokerage services. Founded in 1918, the firm is headquartered in New York and has offices worldwide.