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Cowen Inc. (COWN)

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  • GlobeNewswire

    Cowen Joins More Than 1,300 CEOs in Commitment to Advance Inclusion and Diversity in the Workplace

    Coalition Expands Reach and Impact into the Financial Services IndustryNEW YORK, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ: COWN) today announced that Chair and CEO Jeffrey M. Solomon joins more than 1,300 CEOs who have pledged to take action to advance diversity and inclusion in the workplace through the CEO Action for Diversity & Inclusion™ coalition. In signing the CEO Action Pledge, Cowen joins other leading companies across the U.S. that commit to four areas of action: continuing to cultivate workplaces that support open dialogue on complex, and sometimes difficult, conversations about inclusion and diversity; implementing and expanding unconscious bias education; sharing lessons learned from the best known—and unsuccessful—actions; and engaging their boards of directors in the development and evaluation of inclusion and diversity strategies.“Advancing inclusion and diversity at Cowen is at the heart of our values of Vision, Empathy, Sustainability and Tenacious Teamwork,” said Solomon. “Taking the Pledge not only reaffirms Cowen’s ongoing commitment to inclusion and diversity, but also encourages others to do the same.”Cowen believes that inclusion and diversity are important catalysts for success and innovation in the workplace and are a vital part of achieving its corporate objectives and key results. Cowen has had a longstanding focus on creating a distinctive and collaborative culture, in which everyone can thrive to their full potential. Signature initiatives include “Women Who Outperform,” the Cowen Inclusion Series, a program of CEO-led conversations with diverse leaders from across industries, and innovative theater-based, cross-cultural awareness and unconscious bias training.“We look forward to working with the other members of the coalition to create positive change and innovation in the financial services industry and beyond,” Solomon added.About Cowen Inc. Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm offering investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing, commission management services and actively managed alternative investment products. Cowen focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the Company is headquartered in New York and has offices worldwide. Learn more at Cowen.com.About CEO Action for Diversity & Inclusion™ CEO Action for Diversity & Inclusion™ is the largest CEO-driven business commitment to advance diversity and inclusion within the workplace. Bringing together more than 1,300 CEOs of America’s leading organizations, the commitment outlines actions that participating companies pledge to take to cultivate a workplace where diverse perspectives and experiences are welcomed and respected, employees feel comfortable and encouraged to discuss diversity and inclusion, and where best known—and unsuccessful—actions can be shared across organizations.© 2020 Cowen and Company, LLC. All rights reserved. Member NYSE, FINRA and SIPC.Media Contacts: Gagnier Communications Dan Gagnier / Jeffrey Mathews 646-569-5879 cowen@gagnierfc.com

  • GlobeNewswire

    Cowen to Acquire Investment Banking Business of MHT Partners, Further Deepening Coverage of Middle-Market and Private Equity Investors

    NEW YORK, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ: COWN) (“Cowen” or the “Company”) today announced that it has signed a definitive agreement to acquire substantially all of the assets of MHT Partners, LP (“MHT Partners”), an investment bank focused on representing innovative companies in growing markets. Based primarily in Dallas and San Francisco, MHT Partners’ investment banking team is expected to join Cowen under the agreement. Terms of the acquisition, which is not material to Cowen from a financial perspective, were not disclosed. “Cowen’s momentum in investment banking reflects our commitment to serving the dynamic companies that fuel the global economy. Accelerating that strategy, we welcome MHT Partners’ impressive banking team to the Cowen platform,” said Larry Wieseneck, Co-President of Cowen and Company. “The MHT team provides deep industry knowledge and relationships, especially across the Services and Consumer sectors. Their expertise as advisor to innovative, niche market leaders, as well as to private equity firms and family offices, complements and extends Cowen’s already significant offering to these key clients.”Parker Weil, Cowen’s Vice Chair of Investment Banking and Head of Strategic Capital, noted, “The client-focus, collegial approach, honesty and integrity for which the MHT team has built a strong reputation, seamlessly align with Cowen’s culture and values. Many of us at Cowen already know the MHT team well and we are excited to join forces with our new colleagues, as we work together to provide unique and thoughtful ideas to our financial sponsor and family office clients.”MHT Partners is a premier middle-market investment bank, serving leading companies in Consumer Growth, Business & Information Services, Education and Healthcare Services, among other key sectors. The firm’s clients span a diverse variety of businesses and investors, including companies owned by families and serial entrepreneurs, divisions of large corporations and private equity- and venture-backed enterprises.Mike McGill, Managing Director and one of MHT’s four co-founders along with Shawn Terry, Pat Crocker and Craig Lawson, added, “We’re thrilled to join Cowen’s full-service platform and leverage its global reach, world-class research and comprehensive product set to continue growing our advisory work and deliver significantly more value and resources for our clients and team members. We are especially proud of the client relationships, trust and expertise that the MHT team has built over nearly 20 years. With its entrepreneurial spirit, Cowen will be a great new home to build on this success and deliver exceptional value to our clients and opportunity to our team.”The transaction is subject to receipt of FINRA approval and customary closing conditions and is expected to close during the fourth quarter of 2020. The MHT Partners team, including its four lead partners, will report into Cowen’s Strategic Capital Group, led by Mr. Weil.About Cowen Inc. Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm offering investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing, commission management services and actively managed alternative investment products. Cowen focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the Company is headquartered in New York and has offices worldwide. Learn more at Cowen.com.© 2020 Cowen and Company, LLC. All rights reserved. Member NYSE, FINRA and SIPC.Media Contacts: Gagnier Communications Dan Gagnier / Jeffrey Mathews 646-569-5879 cowen@gagnierfc.com

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