Jay McDermott is a Managing Director and Co-Head of Cross-Asset at Cowen. Mr. McDermott has over 25 years of experience in distressed and special situations. Most recently, he spent three years as the CEO of DebtStream Corp., the specialty credit boutique he founded.
Prior to that, Mr. McDermott served four years at RBS Securities as Managing Director, Responsible for High Yield and Distressed Trading and 12 years at Bear Stearns as Head of the Global Bank Loan Business.
Mr. McDermott received his MBA from New York University and his B.A. from Union College.
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