Cowen Group Announces Additions to Board of Directors
Jeffrey Solomon Appointed to Board
announced that its Board of Directors has appointed
effective immediately. Mr. Strauss is the President and Chief Executive
Officer of Ramius and Mr. Solomon is the Chief Executive Officer of
“Both Tom and Jeff are exceptional leaders with significant experience
in financial services that will further strengthen our Board as we
continue to grow
the industry,” said
He continued, “Over the course of Tom’s long tenure with Ramius, he has
seen the company through all market cycles and has helped to build the
extraordinary alternative investment management business that Ramius is
today. He will be a great asset to our Board going forward. Jeff is a
tested leader, having served with Ramius at its founding and in the role
as Chief Operating Officer of
very beneficial in his role as a member of our Board.”
The addition of Mr. Strauss and Mr. Solomon will bring the total number
of directors on the Company’s Board to nine members.
About
Mr. Strauss is the President and Chief
Executive Officer of Ramius, a
Strauss was a Managing Member and a member of the Executive Committee of
of
Inc.
the Executive Committee in 1981. In 1986, he became President of Salomon
Brothers and a Vice Chairman and member of the Board of Directors of
Inc.
Investment Banking, Sales and Trading, Asset Management and
International Activities. During his first nine years at Salomon
Brothers, he served in various Fixed Income Sales and Sales Management
capacities. From 1972 to 1981, Mr. Strauss managed the
Securities
with the advent of listed Fixed Income Futures and Options trading, he
separated the firm’s Proprietary Trading activities from the traditional
client based business, which provided the foundation for Global
Proprietary Trading in
Mr. Strauss was responsible for the development of the firm’s
international business in
and Trading and Investment Banking. From a single office in
1971, the firm built an international presence in
America
Investment Banking, High Yield and Equity businesses and several years
later initiated the firm’s Global Asset Management efforts. In 1993, Mr.
Strauss became Co-Chairman of
private investment management firm, where he developed an Absolute
Return Alternative Asset Class investment business. In July of 1995, he
joined Ramius.
Mr. Strauss is a former member of the Board of Governors of the
Stock Exchange
Association
International Capital Market Advisory Committee
Business-Council
Dealers
the Board of
the Boards of Trustees and Executive Committees of
Medical Center
Hospital
School
Trustees of the
About
Officer of
responsible for overseeing all of
including Investment Banking,
Research. Previously, Mr. Solomon served as
Operating Officer and Head of Investment Banking at
Mr. Solomon joined Ramius, a
1994 and was a Managing Member and Executive Committee member from
2003-2009. During his tenure at Ramius, Mr. Solomon was responsible for
the development, management and oversight of a number of the investment
strategies employed by Ramius. From 1991 to 1994, Mr. Solomon was at
position of Chief Administrative Officer. Mr. Solomon began his career
in the
Currently, Mr. Solomon is a member of the Committee on
Regulation, a non-profit research organization dedicated to improving
the regulation of U.S. capital markets. He is also on the Board of
Directors of Hale & Hearty Soups, a
NuGo Nutrition, the manufacturer of NuGo Nutrition Bars.
About
with its consolidated subsidiaries, provides alternative investment
management, investment banking, research, and sales and trading services
through its two business segments: Ramius and its affiliates make up the
Company’s alternative investment management segment, while
Company
management products, solutions and services include hedge funds,
replication products, managed futures funds, fund of funds, real estate,
health care royalty funds and cash management services.
Company
companies, domain knowledge-driven research and a sales and trading
platform for institutional investors. Founded in 1918, the firm is
headquartered in
centers around the world.
Source:
Cowen Group, Inc.
Investors:
Steve Lasota, 646-562-1000
Chief
Financial Officer
or
Media:
Sard Verbinnen & Co
Dan
Gagnier, 212-687-8080