GlobeNewswire Inc | Jul 30, 2020 08:00AM EDT

July 30, 2020

NEW YORK, July 30, 2020 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (Cowen or the Company) today announced that Joseph Genovese has joined the firm as a Managing Director, Head of Delta One Swap Sales. In his new role, he will be responsible for client origination for Cowens Portfolio Swap product. Mr. Genovese brings with him more than 25 years of industry experience in Finance and Prime Services. He will be based in New York and report to Matt Baldassano, Managing Director and Head of Global Securities Finance.

In the first quarter of 2019, Cowen launched its Portfolio Swap product as it expanded the breadth of its Global Securities Finance offerings. Currently these products are being offered to clients out of the Companys New York and London offices.

We are excited to have Joe as a new member of our team and dedicated to bringing new relationships to our Financing offering and the Firm, said Mr. Baldassano. Cowens Swap product helps clients outperform by providing customers with the ability to trade via high-touch and receive long/short exposure through Cowens algorithmic trading suite. Joes knowledge and long-standing relationships will help showcase the breath of our firm across multiple products and add value to our clients in the synthetic financing space.

Commenting on his new role, Mr. Genovese added, Cowens momentum, track record of success, global footprint and deep senior relationships with buy-side portfolio managers present an exciting opportunity. I have been watching their outstanding growth and am excited to join the team to help further build out this critical part of the business. Cowens Portfolio Swap products offer an excellent opportunity for alpha generation and risk management and I look forward to working closely with the team to identify opportunities for our clients to outperform.

Prior to joining Cowen, Mr. Genovese spent 15 years at Deutsche Bank where, most recently, he served as Head of Global Prime Distribution for the Americas. Previously, he spent five years at Credit Suisse in their Prime Finance group and four years with Bear Stearnss Prime Brokerage division as a client relationship manager for hedge funds. Mr. Genovese received his BS in Finance from Towson University.

AboutCowen 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 inNew Yorkand has offices worldwide. Learn more atCowen.com.

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Media Contacts:

Gagnier Communications Dan Gagnier/ Jeffrey Mathews646-569-5897cowen@gagnierfc.com