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Cowen onboards first international prime brokerage customers

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Cowen Group has onboarded its first prime brokerage customers in its newly launched international prime brokerage platform headquartered in London.

Cowen’s international prime brokerage platform partners with investment managers based in the UK, Europe and other international jurisdictions to address their needs for custody as well as trade execution on both a cash and swap basis.
 
In addition, Cowen offers clients margin financing and stock loan services using its proprietary prime brokerage offering and clearing agreements with major financial institutions.
 
As is the case in its US prime brokerage offering, Cowen’s international prime brokerage platform also provides portfolio reporting, complete operational support, along with access to Cowen’s research, industry conferences and other corporate access events.
 
Kevin LoPrimo (pictured), managing director and head of international prime brokerage, says: “As we onboard our first UK and Europe-based clients, our goal is to deliver the comprehensive prime brokerage and outsourced trading solutions that have satisfied our clients’ needs in the US for many years. This offering will provide local managers with a comprehensive, high calibre offering at a time when larger bank-owned prime brokers are curtailing their support of hedge funds.”

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