Cowen Prime Services expands business development team
03 July 2020 New York
Image: Rawpixel.com/Shutterstock.com
Cowen, the financial services firm, has hired Michael Fitzgerald to join its prime services team as a managing director.
Fitzgerald, who will be based in New York, will focus on business development and will report to Jack Seibald and Michael Rosen, managing directors and co-heads of prime brokerage and outsourced trading.
The seasoned prime brokerage professional comes to Cowen with 23 years experience under his belt in securities brokerage.
He joins from Cantor Fitzgerald where he served as managing director and head of equity prime services origination for just over a year.
Prior to that, Fitzgerald was CEO of Digital Asset Custody Company, a fintech startup, and chief operating officer and chief compliance officer at Ararat Capital, an investment management firm.
Preceding this, he was a managing director and operated in a prime brokerage sales position at J.P. Morgan for 3 years.
Before that, he had served at Morgan Stanley for more than 12 years as head of US and prime brokerage sales at Morgan Stanley.
Fitzgerald began his career in the securities business in 1997 in equity sales at Deutsche Bank where he served until 1999.
Seibald says: 鈥淎s we continue to expand our global prime brokerage platform, our highest priority is to seek out talented individuals with a shared vision of, and commitment to, client service that will complement our existing team.
"We look forward to working with Mike and leveraging his experience and the breadth of his relationships in this marketplace.鈥�
Commenting on his new role, Fitzgerald said: 鈥淭his is an opportune time to expand in the prime brokerage space, and I鈥檓 excited to join a firm with the resources and commitment to prime brokerage that Cowen has exhibited.
鈥淚 look forward to working with my new colleagues to build an even larger franchise with differentiated services that deliver outperformance.鈥�
Fitzgerald, who will be based in New York, will focus on business development and will report to Jack Seibald and Michael Rosen, managing directors and co-heads of prime brokerage and outsourced trading.
The seasoned prime brokerage professional comes to Cowen with 23 years experience under his belt in securities brokerage.
He joins from Cantor Fitzgerald where he served as managing director and head of equity prime services origination for just over a year.
Prior to that, Fitzgerald was CEO of Digital Asset Custody Company, a fintech startup, and chief operating officer and chief compliance officer at Ararat Capital, an investment management firm.
Preceding this, he was a managing director and operated in a prime brokerage sales position at J.P. Morgan for 3 years.
Before that, he had served at Morgan Stanley for more than 12 years as head of US and prime brokerage sales at Morgan Stanley.
Fitzgerald began his career in the securities business in 1997 in equity sales at Deutsche Bank where he served until 1999.
Seibald says: 鈥淎s we continue to expand our global prime brokerage platform, our highest priority is to seek out talented individuals with a shared vision of, and commitment to, client service that will complement our existing team.
"We look forward to working with Mike and leveraging his experience and the breadth of his relationships in this marketplace.鈥�
Commenting on his new role, Fitzgerald said: 鈥淭his is an opportune time to expand in the prime brokerage space, and I鈥檓 excited to join a firm with the resources and commitment to prime brokerage that Cowen has exhibited.
鈥淚 look forward to working with my new colleagues to build an even larger franchise with differentiated services that deliver outperformance.鈥�
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