Joseph Genovese Joins Cowen as Head of Delta One Swap Sales
July 30 2020 - 8:00AM
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 Cowen’s 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 Company’s 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. “Cowen’s Swap product helps
clients outperform by providing customers with the ability to trade
via high-touch and receive long/short exposure through Cowen’s
algorithmic trading suite. Joe’s 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, “Cowen’s
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. Cowen’s 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
Stearns’s Prime Brokerage division as a client relationship manager
for hedge funds. Mr. Genovese received his BS in Finance from
Towson University.
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. Member NYSE, FINRA and SIPC.
All Rights Reserved.
Media Contacts: Gagnier Communications Dan
Gagnier / Jeffrey Mathews646-569-5897 cowen@gagnierfc.com
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