- Cowen Group
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Cowen Group, Inc. 
Type Public (NASDAQ: COWN) Industry Investment services Founded 1918 Headquarters New York City, New York, United States Key people Peter A. Cohen, Chairman and CEO
David "Greg" M. Malcolm
Thomas K. Conner, Chief Financial OfficerProducts Financial Services
Investment BankingRevenue $347 millionUSD (2006) Net income 
$46 million USD (2006)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 in its early years to include correspondent clearing and execution services. As the Firm grew, it developed a leadership position in railroad bonds and launched a research and institutional sales business. The Firm expanded significantly in the 1970s in research and retail, opening six offices from coast-to-coast and expanding its business offerings through acquisitions: Hardy & Company, Greene & Ladd, G.S. Grumman and McCloy-Watterson & Co., Inc.[1] . In the 1980s, Cowen expanded internationally, established an investment banking business, and set up offices in London, Geneva, Paris, and Tokyo. In the 1990s the Firm grew the investment banking business, beginning with five IPOs and follow-ons for approximately $200 million, growing to nearly 80 transactions and $5 billion in proceeds by 1995. 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. The public offering was joint bookrun by Cowen, Credit Suisse and Merrill Lynch. Today the Firm specializes in the Health Care, Technology, Media & Telecommunications, Consumer, REITs, and Aerospace & Defense sectors.
Worldwide Locations
Main U.S. Locations
- New York, (Global Headquarters)
International Locations
References
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External links
Categories:- Companies listed on NASDAQ
- Companies established in 1918
- Banks based in New York City
- Investment banks
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