NEW YORK – February 27, 2019 – Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that Harvey Potter and Timothy Cavanaugh have joined the firm’s Cross-Asset Division as Managing Directors, focusing on high yield and distressed credit sales. Both report to Jay McDermott and Burt Welly, Co-Heads of Cross-Asset, and Philip Cushman, Head of Global Equity and Cross-Asset Sales.
As Cowen continues to expand its distressed and illiquid practice, the additions of Messrs. Potter and Cavanaugh to the Cross-Asset team enhance Cowen’s ability to partner with clients to help active managers outperform.
“We’re very excited to welcome Tim and Harvey to our team. Both have extensive backgrounds and established track records serving clients who focus on distressed and unconventional credit,” said Jay McDermott, Co-Head of Cowen’s Cross-Asset team. “Complementing our recent hires who have helped expand our presence in esoteric assets, Tim and Harvey bring deep experience in bonds and bank notes, enhancing the breadth and depth of our team.”
With over 18 years of experience in high yield sales, Mr. Potter was a Managing Director at Guggenheim Securities for three-years before joining Cowen. Prior to Guggenheim Securities, he worked at Morgan Stanley, Bank of America Merrill Lynch and Bear Stearns.
Mr. Cavanaugh joins Cowen with nearly 20 years of experience in bonds. Previously he worked at Mitsubishi Securities as an Executive Director in the high yield and investment grade corporate businesses. Prior to Mitsubishi Securities, Mr. Cavanaugh was a Vice President at Guggenheim Capital Markets.