James Burnes
Co-Head of Healthcare Investment Banking
james.burnes@cowen.com
Mr. Burnes is a Managing Director in the Health Care Investment Banking Group focusing on Biotechnology and Specialty Pharmaceuticals. Prior to joining Cowen, Mr. Burnes was a Managing Director at Oppenheimer & Co. Previously, Mr. Burnes was a senior calling officer at Credit Suisse in New York focused on Life Sciences companies. Mr. Burnes also spent six years at Lehman Brothers where he helped build out the Life Sciences Investment Banking franchise. Mr. Burnes began his distinguished Healthcare career at Furman Selz. Over the years, Mr. Burnes has been instrumental in raising capital and executing M&A transactions for several high profile Life Sciences companies.
Mr. Burnes received his Bachelor of Science from the Walter A. Haas School of Business at University of California, Berkeley with a major in Finance.
Vice Chairman of Cowen and Company Investment Banking
frank.dunlevy@cowen.com
Mr. Dunlevy joined Cowen in early 2004 from Thomas Weisel Partners where in 1998 he was one of four original Founding Partners. During his tenure at Thomas Weisel Partners, Mr. Dunlevy held various positions, including Co-Head of Investment Banking and Head of Equity Capital Markets and Vice Chairman, Private Equity & Asset Management. Prior to that (1990-1998), he was a Senior Managing Director at Montgomery Securities, where he co-led the Consumer Group and co-founded and led the Education, Information Technology, and Business Services Teams. From 1971 to 1989, Mr. Dunlevy was with the Investment Banking department of The First Boston Corporation (Credit Suisse First Boston) in New York, London and San Francisco.
From 1966-1968, Mr. Dunlevy served in the U.S. Army in Vietnam as a member of the 101st & 82nd Airborne Divisions. Mr. Dunlevy received a BS from Southern Methodist University in 1971, where he is currently a member of the Board of Trustees and serves as the Vice Chairman of the Finance & Athletic Committees of the Board and on the Executive Board of the S.M.U. Cox School of Business.
In 1999, he was honored as a “Distinguished Alumni” of the Cox School of Business. Mr. Dunlevy played a key role in the early public financings for such major companies as Charles Schwab, Infosys, Kohl’s, Apollo Group, Magna International, Chipotle and Suntech.
Geoffrey B. Flynn
Head of Consumer Investment Banking
geoff.flynn@cowen.com
Mr. Flynn is a Managing Director and Head of Cowen and Company’s Consumer Investment Banking Group. Mr. Flynn rejoined Cowen in 2011, after Co-Heading the Specialty Retail practice at Piper Jaffray for a year. Prior to Piper Jaffray, Mr. Flynn had overseen Cowen’s Consumer Investment Banking practice since 2005. Prior to Cowen, Mr. Flynn was a Partner at Thomas Weisel Partners and Co-Head of the Consumer Investment Banking Group. Prior to his six years at Thomas Weisel Partners, Mr. Flynn worked in the Consumer Group at Montgomery Securities. Mr. Flynn began his investment banking career at Kidder, Peabody & Co. In his 20 years in investment banking, Mr. Flynn has completed public and private financings for more than 100 consumer companies including Chipotle, Crocs, Morton’s Steakhouse, Ruths Chris, Ulta Salon, UnderArmour and Vitamin Shoppe. In addition, he has advised many premier consumer companies on broad range of buy-side, sell-side, and restructuring assignments including Wingstop Restaurants, Charlotte Russe, Woot.com, backcountry.com, PF Changs and GMarket.
Mr. Flynn holds a B.A. from Cornell University.
Rene M. Kraenzlin
Chief Operating Officer of Investment Banking
rene.kraenzlin@cowen.com
Mr. Kraenzlin is a Managing Director and Chief Operating Officer of Cowen’s Investment Banking Group. He joined Cowen in February of 2007. Mr. Kraenzlin has had a variety of senior management positions in his 20 year Investment Banking career. Prior to joining Cowen, he served as COO of the Investment Banking Division of Dresdner Kleinwort Americas. Prior to that, he was the Chief Administrative Officer for UBS in the Americas and CAO for Broadview International.
Mr. Kraenzlin received a Ph.D. in Operations Research and a BA in Economics from the University of St. Gallen, Switzerland.
Chris McCabe
Co-Head of Investment Banking and
Head of Technology, Media and Telecommunications Investment Banking
chris.mccabe@cowen.com
Chris McCabe is Co-Head of Investment Banking and Head of Technology, Media and Telecommunications Investment Banking. Mr. McCabe joined the firm in 2011 from Piper Jaffray where he was a Managing Director and Global Co-Head of both the Clean Technology and Renewables and Industrials Groups. Mr. McCabe led the Clean Tech practice from 2008 until he left the company, organizing and branding the group and helping to turn the practice into the top equity underwriter in the sector over the past three years. Mr. McCabe’s responsibilities included coverage of Solar, Energy Efficiency, Industrial Biotech, Industrial Technology and Industrial Growth. He joined Piper Jaffray in 2002 as Head of Semiconductor Banking and was Head of Technology from 2005 to 2008.
Before that, Mr. McCabe was Head of Semiconductor Banking at Robertson Stephens, where he had a broad range of deal experience in IPOs, follow-ons, convertible debt and M&A transactions. Previously, Mr. McCabe was Head of West Coast Technology Banking at Bank of Boston.
He is a graduate of the University of Massachusetts and holds a MBA in International Management from the University of South Carolina.
Grant Miller
Head of Equity Capital Markets
grant.miller@cowen.com
Grant Miller is Head of the Equity Capital Markets group, which is responsible for the origination and execution of all equity transactions, including bought, public marketed and confidentially marketed transactions. Mr. Miller has been working in capital markets for more than 15 years and has book-run more than 100 transactions across many industry sectors. Prior to joining Cowen, Mr. Miller was a managing director in Banc of America’s equity capital group. Previously, Mr. Miller worked at Lehman Brothers, where he held a variety of capital markets positions, including responsibility for all PIPE and registered direct transactions. Prior to banking, Mr. Miller was a manager at Andersen Consulting. Mr. Miller has a B.A. in economics, magna cum laude, from the University of Pennsylvania, and an M.B.A, Phi Beta Kappa, from Columbia Business School.
George Milstein
Co-Head of Healthcare Investment Banking
george.milstein@cowen.com
George Milstein is a Managing Director in the Health Care Investment Banking Group focusing on Biotechnology and Life Sciences. He joined Cowen from Wedbush Pacific Growth Life Sciences, where was Head of the Strategic Advisory practice. Previously, Mr. Milstein was the Head of Investment Banking, a shareholder and a member of the Executive Committee for Pacific Growth Equities. Prior to his experience at Pacific Growth, he was an investment banker with Robertson, Stephens & Company.
Mr. Milstein holds a B.S. in Biology from the University of Southern California and a J.D. from the University of Arizona.
John P. Nelson
Head of Aerospace & Defense / Industrials Investment Banking
john.nelson@cowen.com
Mr. Nelson is a Managing Director and Head of Cowen and Company’s Aerospace & Defense / Industrials Group. Prior to joining Cowen in 2007, Mr. Nelson was a Managing Director in the M&A Group at Friedman, Billings, Ramsey following the acquisition of Legacy Partners Group. Previously, Mr. Nelson was a Managing Director at Bank of America Securities, where he headed the Technology & Business Services Group. Prior to Bank of America, Mr. Nelson worked at Salomon Smith Barney and Bear Stearns, where he focused on technology-related mergers and acquisitions.
Mr. Nelson received an MBA with Distinction from NYU’s Stern School of Business, and a Master of International Public Policy with Honors from the School of Advanced International Studies (SAIS) at Johns Hopkins University. He has a BA in Management from Gettysburg College. Prior to business school, Mr. Nelson served as a Captain in the U.S. Army.
Head of Metals & Mining Investment Banking
keith.phillips@cowen.com
Keith Phillips is a Managing Director and Head of Cowen and Company’s Metals & Mining Investment Banking Group. Mr. Phillips joined Cowen from Dahlman Rose where he was Head of the Metals & Mining Investment Banking and responsible for the company’s Metals & Mining investment banking effort globally. Previously, he was with JP Morgan, where he headed the investment bank’s Metals & Mining practice. He previously ran the Metals & Mining investment banking groups at Bear Stearns & Co and Merrill Lynch. Mr. Phillips has worked with over one hundred Metals & Mining companies during his 26-year Wall Street career, including established global leaders such as Rio Tinto, Vale, Barrick Gold, and Peabody Energy, successful growth companies such as Goldcorp, Yamana Gold and PanAmerican Silver, as well exploration and development stage companies such as Silver Standard, NovaGold, Seabridge Gold, Guyana Goldfields and Gold Canyon Resources. Mr. Phillips received his MBA from the University of Chicago and a B. Comm. from Laurentian University in Canada. He is a trustee of The Montclair Kimberley Academy, and Montclair Golf Club.
Kevin Raidy
Co-Head of Investment Banking
kevin.raidy@cowen.com
Kevin Raidy is Co-Head of Investment Banking. Prior to his current position, Mr. Raidy served as Co-Head of Cowen’s Equity Capital Markets group, which is responsible for the origination and execution of all equity capital-raising transactions. Prior to that, Mr. Raidy was a managing director at Ramius LLC, where he was portfolio manager for PIPEs/opportunistic financings and convertible bonds. Mr. Raidy also was the founder of H4 Capital Management LLC. His sell-side experience includes ten years at Shipley Raidy Capital Partners LP, a boutique investment banking firm he co-founded, where he was responsible for sourcing, evaluating, and structuring numerous debt and equity financings and also performed M&A advisory services.
Prior to founding Shipley Raidy, Mr. Raidy was an associate at Philadelphia First Group. Mr. Raidy started his career at Cantor Fitzgerald before moving to Merrill Lynch as an analyst in the municipal finance group.
Mr. Raidy has a B.S.in Economics with a concentration in Finance from the Wharton School of the University of Pennsylvania.
Kevin Reynolds
Co-Head of Debt Capital Markets
kevin.reynolds@cowen.com
Kevin Reynolds is Co-Head of Debt Capital Markets at Cowen and Company. Mr. Reynolds has more than 24 years experience in the financial services industry focused on Credit Research, Bankruptcy and Distressed Trading, Emerging Market Debt Capital Markets, and Corporate Asset Backed Securitizations.
Prior to joining Cowen, Mr. Reynolds was Co-Head of Capital Markets Origination at Gleacher & Company and had spent 12 years at UBS in a number of senior roles. He ran the UBS Corporate ABS business where he structured and executed the first whole business securitization for a tender of a public company, NUCO2. He was also Global Co-Head of Liability Exchange offer and Corporate Recapitalizations. Under his management UBS executed well over 200 separate open market repurchases, wavier and consent solicitations, tenders, and exchanges in the U.S. Domestic, European, and Emerging Markets. These recapitalizations included industries in High Yield and Investment Grade issuers. Most notably was the development of the private exchange for convertible instruments and UBS’ role as a lead in the Argentina debt exchange. Mr. Reynolds also has held senior management roles in emerging market debt capital markets and syndicate. During that time UBS was a significant presence in emerging market corporate debt issuance and was awarded IFR Deal of the Year for executions in Latin America, Emerging Europe and Asia. Mr. Reynolds spent the first half of his career in the investment banking industry in other senior positions in high yield credit research, bankruptcy and distressed credit trading, and inter-capital arbitrage.
Mr. Reynolds earned a B.A. from Boston College in 1979 and his M.B.A. from the Wharton School, University of Pennsylvania in 1984.
Head of Energy Investment Banking
matthew.rovelli@cowen.com
Matthew Rovelli is a Managing Director and Head of Energy Investment Banking at Cowen and Company. Prior to Cowen, Mr. Rovelli was a Managing Director and Head of Energy Investment Banking and Equity Capital Markets at Dahlman Rose. Previously, Mr. Rovelli was a Managing Director at Bear, Stearns & Co. Inc. in the Equity Transactions Group. Over his seven-year career at Bear, Stearns & Co. Inc., Mr. Rovelli worked on the origination and execution of over 100 bookrun equity transactions, including IPOs, follow-on offerings, concurrent multi-product financings, overnight block trades, and private placements.
Mr. Rovelli graduated from Colgate University with a degree in Economics.
Head of Transportation Investment Banking
mark.schulte@cowen.com
Mark Schulte is Managing Director and Head of Cowen and Company’s Transportation Investment Banking Group. He has been involved in transportation and aviation for over 25 years and his experience includes working with many US and foreign airlines, equipment manufacturers, equipment leasing/rental companies, logistics companies, railroads, trucking firms and airports. He has extensive international experience and has initiated and completed major transactions on six continents. In addition, Mr. Schulte has substantial restructuring experience, both in the corporate and quasi-public sectors and has assisted several governments in structuring and implementing transportation-related privatizations. Prior to joining Cowen, Mr. Schulte was Managing Director and Head of Transportation Investment Banking at Dahlman Rose. Previously, Mr. Schulte founded and ran his own advisory firm, Taurus Corporate Finance Group and served as a Managing Director of Seabury Transportation Holdings, an aviation-focused advisory and restructuring firm. Prior to his tenure with Taurus, Mr. Schulte was a Managing Director of Merrill Lynch & Co. and co-head of its worldwide transportation practice in investment banking.
He graduated from Dartmouth College, A.B., magna cum laude, with highest distinction in economics; and received his MBA from the University of Chicago.
Len Sheer
Co-Head of Debt Capital Markets
len.sheer@cowen.com
Len Sheer is Co-Head of Debt Capital Markets at Cowen and Company. Mr. Sheer has 17 years of experience in the financial services industry. His background includes high yield, private placements, liability management, and merger and acquisition advisory roles in a wide variety of industries. Prior to joining Cowen, Mr. Sheer was a managing director in the Debt Capital Markets origination group at Gleacher & Company focusing on high-yield financings and liability management transactions. In addition, Mr. Sheer held positions as a senior analyst at Pardus Capital, a hedge fund focused on investing in debt and equity, and as a vice president at Lehman Brothers, focusing on M&A advisory assignments. Mr. Sheer has a B.S. in finance and economics from Babson College.