Cowen adds Matthew Costello as a Director in Prime Brokerage Unit

Cowen Inc., a diversified financial services firm, announced today that it has added Matthew Costello to its prime brokerage services unit, Cowen Prime Services LLC. In his new position, he will join the unit’s capital introduction team as a Director.

In this position, Costello will be based in San Francisco and aid Cowen in its attempts to expand its capital solutions offering to the clients of its prime brokerage and outsourced trading operations.

His focus will be expanding the US firm’s activities on the West Coast of America. He will do this through consultations and focused propositions, the statement from the company released today said.

Costello brings 14 years of relevant experience to Cowen

Costello brings more than 14 years of relevant experience in institutional investment consulting. Most recently, he was employed at Deutsche Bank where he was a Director in the Hedge Fund Capital Group, a position he held for six years.

Commenting on the appointment, Jack Seibald, Managing Director and Global Co-Head of Prime Brokerage and Outsourced Trading, said: “We are excited to have Matt join our team. His background on both the buy and sell side, as well as his proven ability to establish strong relationships with leading hedge funds and the institutional investors that allocate capital to them, we believe will Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term our strong platform of solutions-oriented products and services to a broader audience."

Before Costello was employed by Deutsche Bank, he was at Callan Associates, where he was a Vice President for Hedge Fund Research and a Real Estate Consultant. He was also a VP at Wells Fargo, where he was a relationship manager for middle market commercial lending clients and troubled debt, his LinkedIn states.

Speaking on his new role, Costello added: “I couldn’t be happier to be joining Cowen at such an exciting time. Middle market hedge fund managers need a prime services partner that is reliable and dedicated to assisting their clients and providing the necessary platform and services they require to help manage and grow their business.”