August 15, 2016
Financial services firm Cowen Group, Inc said Monday it has added four new managing directors to its investment banking team as part of its strategic plan to increase its investment banking capabilities within its four core banking sectors: industrials, Technology, Media and Telecommunications (TMT), consumer and health care.
The New York-based firm, which has offices worldwide and provides custom financial solutions, including alternative asset management, investment banking, research, and broker-dealer services through its two business units: Ramius and Cowen and Company to corporate clients, said the new additions are Stephen Clarke, Zachary Fisher, A. Scott Lemone, and Prasad Parmeshwaran.
The Nasdaq-listed Cowen Group (COWN) said Mr. Clarke will focus on Industrial investment banking, Mr. Fisher on TMT, Mr. Lemone on retail and consumer banking, while Mr. Parmeshwaran will manage the firm’s Health Care Merger and Acquisition deals.
Mr. Clarke joins Cowen from Morgan Joseph TriArtisan, where he spent 12 years. He was a Managing Director in its industrials investment banking group. Prior to that, he was with Capital IQ/CapitalKey Advisors and Magnum Resources.
Mr. Fisher also joins Cowen from Morgan Joseph TriArtisan, where he was a Managing Director focused on the technology and media sectors. Previously, he worked at ABN AMRO in the M&A group and ING Barings Furman Selz in the media & entertainment investment banking group.
Mr. Lemone, who will manage the firm’s retail and consumer investment banking team, brings more than 27 years of experience of advising and raising capital for several of U.S. leading retailers. Most recently, he led TriArtisan Capital Partner’s retail sector investment team. He has also worked at SunTrust Robinson Humphrey, Lehman Brothers and Merrill Lynch.
Before joining Cowen, Mr. Parmeshwaran spent over a decade at Goldman Sachs, initially in healthcare investment banking and then as an independent advisor for select Goldman Sachs health care portfolio companies. Mr. Parmeshwaran also founded a specialty pharmaceutical company focused on investing and advising companies in the space.
Kevin Raidy, Chief Executive Officer of Investment Banking said the new managing directors with their proven professional track records will complement as well as help enhance the bank’s existing capabilities in its core sectors in health care, TMT, information and technology services, consumer, industrials, energy and transportation.
“Stephen, Zach and Scott are highly experienced in counseling clients to achieve their unique goals, either through M&A or financing. Prasad is an accomplished banker specializing in health care M&A. These four professionals’ proven track record as trusted advisors to corporate executives and board members will be a natural complement to Cowen’s banking franchise. With a list of existing mandates in hand, our new bankers are already a step ahead as they work to complete these transactions. We look forward to their success on our growing platform,”
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