NEW YORK--(BUSINESS WIRE)--Cowen Group, Inc. (NASDAQ:COWN) announced that Kevin LoPrimo has joined Cowen Prime Services, the prime services division of Cowen, as Managing Director – Head of International Prime Brokerage.
Mike Rosen, Managing Director and Global Co-Head of Prime Brokerage Services, said, “Cowen has been laying the groundwork for our entry into the prime brokerage and outsourced trading business in Europe for many months and we are pleased to welcome Kevin to our leadership team. We believe that his extensive international prime brokerage expertise will help accelerate the implementation of Cowen Prime’s platform in Europe and Asia and the introduction of our comprehensive solutions to investment managers in those markets.”
Kevin LoPrimo added, “Cowen Prime has built an impressive business dedicated to supporting a wide variety of investment managers, and has developed a strong reputation among its clients in the US for the breadth of its offering and the service level it provides. I look forward to working with the team and utilizing my many years of experience in prime brokerage to introduce Cowen Prime’s platform to the international markets and inform investment managers of the new solutions that will be available to them.”
Jack Seibald, Managing Director and Global Co-Head of Prime Brokerage Services, added, “The impact of enhanced capital requirements mandated by regulatory changes continues to curtail large prime brokers’ ability to serve their hedge fund clients, and that trend has been very evident in Europe over the past year. This has created an opportunity for an upper mid-tier firm like ours to provide prime brokerage services to European hedge fund managers. We’re excited to have a partner of Kevin’s caliber leading this effort for us.”
Mr. LoPrimo comes to Cowen Prime following nearly five years at Global Prime Partners, where he served as Managing Director, Head of Fund Services and Equity Finance. In this position, Mr. LoPrimo managed the creation of the first European-based Boutique Prime Broker that provided full prime brokerage services to hedge funds with assets under management of less than $200 million. Previously Mr. LoPrimo worked at UBS and Merrill Lynch in various prime brokerage roles. He began his career at Goldman Sachs International in 1983 and spent the next 19 years at the firm in various capacities, including prime brokerage client service in New York and Tokyo and ultimately in London, where he served as Executive Director, International Prime Brokerage Client Service and Product Development. Kevin holds an MBA from The University of Chicago Booth School of Business and a BBA from Pace University. He is located in Cowen’s London office and can be reached at kevin.loprimo@cowenprime.com.
About Cowen Prime Services LLC
Cowen Prime Services offers a comprehensive suite of brokerage and related services that provide traditional and alternative investment managers with solutions that are customizable and scalable. The firm was built by former investment managers to serve hedge funds, managed accounts and liquid alternatives with turnkey solutions designed to free its clients to focus on their core competencies. Our offering features world-class custody and clearing options, multi asset class capabilities, leading execution and order management systems, a seasoned execution desk, a range of financing options, a highly professional operations and customer support team, comprehensive portfolio reporting capabilities, capital introduction, and live, intraday and post-trade risk and performance analytics. Cowen Prime Services was formed in 2015 following Cowen Group’s acquisition of Concept Capital Markets, LLC and subsequently Conifer Securities LLC. The firm is registered a broker dealer and investment advisor with the SEC, and is a member of FINRA, NFA and SIPC. For additional information, visit www.cowenprimeservices.com.
About Cowen Group, Inc.
Cowen Group, Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative asset management, investment banking, research, and sales and trading services through its two business segments: Ramius and its affiliates make up the Company’s alternative investment segment, while Cowen and Company, a member of FINRA and SIPC, and its affiliates make up the Company’s broker-dealer segment. Ramius provides alternative asset management solutions to a global client base and manages a significant portion of Cowen’s proprietary capital. Cowen and Company and its affiliates offer industry focused investment banking for growth-oriented companies, domain knowledge-driven research, a sales and trading platform for institutional investors and a comprehensive suite of prime brokerage services. Founded in 1918, the firm is headquartered in New York and has offices worldwide. For additional information, visit www.cowen.com.
