TD has acquired Cowen Inc. Please bookmark TD Securities for further updates.

Oliver Chen, CFA

Managing Director, Consumer - Retailing - Broadlines & Department Stores, Specialty Stores

Headshot photo of Oliver Chen

Oliver Chen is a Managing Director and senior equity research analyst covering retail and luxury goods.  Mr. Chen’s deep understanding of the consumer and his ability to forecast the latest trends and technological changes that will impact the retail space has set him apart from peers. Oliver’s broad coverage and circumspect view makes him the thought partner of retail and brand leaders.  His coverage of the retail sector has led to numerous industry awards and press coverage from CNBC, Bloomberg, The New York Times, Financial Times, Barron’s, The Wall Street Journal and others. Mr. Chen was recognized on the 2018 and 2017 Institutional Investor All-America Research team as a top analyst in the retailing/department stores & specialty softlines sector.  Mr. Chen was also selected as a preeminent retail influencer as he was named to the National Retail Federation (NRF) Foundation’s “2019 List of People Shaping Retail’s Future.” Considered an “industry expert,” Mr. Chen frequently appears as a speaker/panelist at key industry events. Mr. Chen is also an Adjunct Professor in Retail and Marketing at Columbia Business School, teaching the course “New Frontiers in Retailing” and was awarded recognition as an “Outstanding 50 Asian Americans in Business” by the Asian American Business Development Center in 2023 given his role in driving the U.S. economy.

Prior to joining TD Cowen in 2014, he spent seven years at Citigroup covering a broad spectrum of the U.S. consumer retail landscape, including specialty stores, apparel, footwear & textiles, luxury retail, department stores and broadlines. Before Citigroup, he worked in the investment research division at UBS, in the global mergers and acquisitions/strategic planning group at PepsiCo International, and in JPMorgan’s consumer products/retail mergers and acquisitions group.

Mr. Chen holds a bachelor of science degree in business administration from Georgetown University, a master’s of business administration from the Wharton School at the University of Pennsylvania, and is a CFA charterholder. At the Wharton School, Mr. Chen was a recipient of the Jay H. Baker Retail Award for impact in retailing and was a co-founding president of the Wharton Retail Club. He also serves as a member of the PhD Retail Research Review Committee for the Jay H. Baker Retailing Center at the Wharton School.  Mr. Chen was recognized in the Wharton School’s “40 Under 40” brightest stars alumni list in 2017.

Mr. Chen’s passion for the sector began at the age of 12 when he began working with his parents at their retail business in Natchitoches, Louisiana.

Get In Touch

Start a conversation with Oliver Chen


    Explore related thought leadership, reports, coverage and insights for Oliver Chen.


    U Beauty’s Simple, Scientific, Viral Skincare

    Woman applying concealer to face.

    Beauty School With COTY, A Diversified Beauty Powerhouse

    A woman grocery shopping with a huge stalk of celery visible in her hand held shopping cart.

    A Healthier Living Platform & Ecosystem: Meet HumanCo