Michael DeJarnette is Managing Director – Co-Head of Cowen’s U.S. Prime Brokerage services. Prior to Cowen’s acquisition of Convergex, Mr. DeJarnette was Executive Managing Director of Convergex Execution Solutions. In this role, he managed operations and business development for Convergex’s global clearing and prime services businesses. He has more than 20 years of experience in the financial services industry, with particular emphasis in prime brokerage.
Mr. DeJarnette was an early adopter in the introducing broker (IB) space and co-founded Convergex Prime Services, a firm dedicated to providing comprehensive prime brokerage services to hedge funds, mutual funds and family offices. In 2009, he successfully negotiated the firm’s acquisition (then known as NorthPoint Trading Partners) by Convergex Group. He has spoken extensively on topics ranging from global execution to capital solutions. Mr. DeJarnette has authored numerous articles and has been frequently quoted on topics ranging from the general prime brokerage business landscape to special issues related to dark pools, alternative trading systems and sourcing global liquidity.
Mr. DeJarnette is Series 7, 24, 55, 87 and 66 registered and earned a Bachelor of Arts degree from the University of Arkansas at Little Rock.
His philanthropic activities include participation in the Atlanta Committee of Hearts as well as managing the social media initiatives for Mully Children’s Family, a charity dedicated to supporting the eradication of poverty and improvement in social justice for all people in Kenya.