Cowen Expands Role of Equity Sales Head, Includes Global Sales and Credit sales Team - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

Cowen

Cowen Expands Role of Equity Sales Head, Includes Global Sales and Credit sales Team

March 1, 2018

Cowen Inc. (NASDAQ: COWN), a diversified financial firm focusing on alternative investment management, investment banking, research, and sales and trading services has announced the appointment of Philip Cushman, the company’s managing director and head of equity sales as Head of Global Institutional Sales. His new role will include managing both institutional equity and credit sales teams.

Under his leadership and strategic oversight on multiple departments, Cowen has been consolidating its several business operations including equity and credit sales, trading platforms and related field services. Cushman joined Cowen back in 2012 from Jefferies, where he was serving as a Managing Director and Head of Global Equity Product Management and as well as a member of Jefferies’ Equity Operating Committee. Prior to joining Jefferies, he was at Morgan Stanley’s Equity Sales group as Executive Director and has also worked at WR Hambrecht + Co, where he was the Head of New York Institutional Sales division.

The company has also announced the elevation of Burton Welly as Head of Special Situations and Distressed Credit Trading, expanding his responsibilities to include all Distressed Credit trading initiatives. Burton joined Cowen back in 2016, as part of Cowen’s acquisition of CRT Capital, where he spent over 14 years to establish its Special Situation and Reorg Equity business. 

Dan Charney, Co-President, Cowen and Company commented on expanding on Philip’s role: “Phil has played a key role in driving team goals, helping shape Cowen’s growth initiatives and positioning the firm as a market leader. By expanding Phil’s current oversight of Cowen’s institutional equity sales team to now include the credit sales team, Phil will continue to work closely with the sales teams to deliver best-execution and facilitate seamless access across equity and credit products, while further integrating our client coverage teams.”

Larry Wieseneck, Co-President, Cowen and Company commented: “Cowen was one of the first firms to launch a truly integrated equity and debt sales and trading platform, delivering cross-capital structure research, sales and trading to our clients. Burt has been a driving force behind the success of our special situations business. In his new capacity, we anticipate his energy and leadership will continue to be huge assets to our credit and special situations trading businesses.”

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