Cowen Group has appointed Kevin LoPrimo (pictured) as managing director – head of international prime brokerage at Cowen Prime Services (Cowen Prime).
Mike Rosen, Managing Director and Global Co-Head of Prime Brokerage Services, says, “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.”
LoPrimo adds: “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 utilising 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, adds: “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.”
