Cowen hires new head of Delta One swap sales 31 July 2020New York Reporter: Natalie Turner
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Cowen, the financial services firm, has hired Joseph Genovese to join the firm as its managing director and head of Delta One swap sales.
Genovese, who will be based in New York, will be responsible for client origination for Cowen鈥檚 portfolio swap product and will report to Matt Baldassano, managing director and head of global securities finance.
The seasoned prime brokerage professional comes to Cowen with 25 years experience under his belt in finance and prime services.
Prior to joining Cowen, Genovese spent 16 years at Deutsche Bank where, most recently, he served as head of global prime distribution for the Americas.
Previously, he spent five years at Credit Suisse in their prime finance group and four years with Bear Stearns鈥檚 prime brokerage division as a client relationship manager for hedge funds.
鈥淲e are excited to have Joe as a new member of our team and dedicated to bringing new relationships to our financing offering and the firm,鈥� says Baldassano.
Commenting on his new role, Genovese adds: 鈥淐owen鈥檚 momentum, track record of success, global footprint and deep senior relationships with buy-side portfolio managers present an exciting opportunity. I have been watching their outstanding growth and am excited to join the team to help further build out this critical part of the business.
鈥淐owen鈥檚 portfolio swap products offer an excellent opportunity for alpha generation and risk management and I look forward to working closely with the team to identify opportunities for our clients to outperform.鈥�
The hire comes shortly after Cowen prime services expanded its business development team by hiring as its managing director.
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