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NEW YORK, Sept. 28, 2018 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ: COWN) (“Cowen” or the “Company”) today announced that it is celebrating its 100th Anniversary and will commemorate this occasion by ringing the Nasdaq Stock Market opening bell on Friday, September 28, 2018. By achieving this important milestone, Cowen joins a select group of financial services firms who have successfully provided clients with a comprehensive suite of financial products and services for more than a century.
Since the founding of the firm in 1918 as a bond trading house, Cowen significantly grew and reshaped the organization, most recently with its 2009 merger with Ramius, a multi-billion-dollar alternative investment manager. Since then, Cowen has continued to transform itself into a robust financial services organization through a series of organic initiatives and strategic acquisitions. Today, the Company is focused on its mission to deliver value-added capabilities to those clients who seek to outperform their peer groups. By advising and connecting providers and users of capital to help them outperform, Cowen has become a recognized leader in alternative investment management, investment banking for growth-oriented companies, sophisticated research, institutional sales and trading, cross asset solutions, prime brokerage, global clearing and commission management.
Jeffrey M. Solomon, Cowen CEO said: “We are so proud of everyone at Cowen who has been instrumental in helping our organization to achieve this milestone. We believe the hallmark of success and longevity, in an ever-changing market environment, is the ability to stay ahead of the curve by positioning ourselves for a future filled with many opportunities to helping our clients to achieve their goals. As we embark on our next century, we do so with great pride in the loyalty of our clients and the hard work of our employees, past and present, who have embodied—and continue to embody—the core values of Cowen: vision, empathy, sustainability and tenacious teamwork.”
Members of Cowen’s team will join Solomon to ring the bell. The ceremony will be held at Nasdaq’s MarketSite in New York City and will be webcast live starting at 9:20 a.m. Eastern time via the following link: https://livestream.com/nasdaq/live.
About Cowen Inc.
Cowen Inc. 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 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.
Investor Relations Contacts:
Stephen Lasota, Chief Financial Officer, 212-845-7919
Nancy Wu, 646-562-1259
Liolios Group, Inc.
Matt Glover, Cody Slach, Najim Mostamand, CFA