Cowen Outsourced Trading Adds to Boston Office
February 17 2021 - 7:30AM
Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today
announced that Adam Strout has joined the Company’s Outsourced
Trading division as a Director. In his new position, Mr. Strout
brings decades of experience in trading global equities for
institutional clients at large brokerages as well as directly for
portfolio managers at well-known investment management firms. A
long-time resident of Massachusetts, Mr. Strout will be based in
Cowen’s Boston office and work with the firms’ global team of 38
traders to bring our differentiated Outsourced Trading solution to
clients in his local market. Mr. Strout will report to Bobby
Croswell, Head of US Equity Outsourced Trading.
“Investment managers based in Massachusetts have long been a
focus of our firm’s Outsourced Trading solution and establishing a
physical presence in the market is our way of demonstrating our
continuing commitment to clients based in the area,” said Mr.
Croswell. “We are thrilled to have Adam join Cowen’s Outsourced
Trading team and are proud to have him represent the firm in
Boston. We believe his deep roots in the area and the substantial
relationships he has developed over decades will provide the firm
with additional opportunities to tell our story and demonstrate the
many ways we serve as a trusted partner to our clients.”
Adam Strout joins Cowen from Diametric Capital, where he served
as Head of Equity Trading and was responsible for all global
equities, options, swaps and currency transactions for the manager
investment platform, as well as managing street commission
budgeting and prime broker reconciliations and settlements. Prior
to this position, Mr. Strout was a Director in Global Sales Trading
with Bank of America Merrill Lynch, and before that, as a Vice
President in Domestic Sales Trading with Deutsche Bank. Earlier in
his career, Mr. Strout served as Vice President in Global
Institutional Trading with Putnam Investments. Mr. Strout holds a
BS in Business Communications from Bentley College.
“I’m very excited to bring my many years of trading experience
on both the buy and sell side to Cowen Outsourced Trading. The
tailored solutions the firm makes available to clients is quite
impressive, and as the concept of outsourcing gains wider
acceptance, be it as a complete offering or as an extension to a
firm’s existing infrastructure, I believe that additional
investment managers in the Boston market will be interested in
exploring the options available to them,” said Mr.
Strout.
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.
© 2021 Cowen Prime Services LLC Member FINRA/SIPC. All Rights
Reserved.
Media Contacts:Gagnier CommunicationsDan
Gagnier / Jeffrey Mathews646-569-5897dg@gagnierfc.com
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