Cowen Group
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Cowen Group, Inc. | |
Type | Public (NASDAQ: COWN) |
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Founded | 1918 |
Headquarters | New York |
Key people | Kim S. Fennebresque , Chairman and CEO Thomas K. Conner, Chief Financial Officer William H. Dibble, Head of Human Resources Mark A. Egert, Chief Compliance Officer Mark E. Kaplan, General Counsel Jean Orlowski, Chief Information Officer Christopher A. White, Chief of Staff and Chief Administrative Officer |
Industry | Investment services |
Products | Financial Services Investment Banking |
Revenue | $347 millionUSD (2006) |
Net income | $46 million USD (2006) |
Employees | 508(2006) |
Slogan | The Power of Focus |
Website | www.cowen.com |
Cowen Group Inc., (NASDAQ: COWN), is the holding company for Cowen and Company, LLC, a U.S. based Investment Bank founded in New York City in 1918, by Harry Cowen and Arthur Cowen, Jr.
Originally founded as a bond trading house, the Firm expanded over the years to include correspondent clearing and execution services, research, institutional sales and trading, retail brokerage and investment banking.
The Firm remained independent until 1998 when it was acquired by the French financial services company, Société Générale, and renamed SG Cowen. In 2000, the Firm sold its private client services unit to Lehman Brothers, retaining its investment banking, research and sales and trading operations. The Firm operated as a unit of Societe Generale until 2006, when it was spun-off in an initial public offering and renamed itself, Cowen and Company. Today the Firm specializes in the Health Care, Technology, Media & Telecommunications, Consumer, and Aerospace & Defense sectors.
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