SELL SIDE

Convergex CEO departs six months after Cowen takeover

Philip Gough parts ways with Cowen Execution Services after three years as chief executive.

By John Brazier john.brazier@thetradenews.com January 08, 2018 12:00 PM GMT

Philip Gough, chief executive of London-based equities brokerage Cowen Execution Services, formerly known as Convergex, has parted ways with the company.

New York-based Convergex Group and its London-based subsidiary brokerage were acquired by Cowen Group in June last year in a $100.7 million deal from a group of owners including BNY Mellon and private equity firm GTCR.

According to filings on Companies House, Gough left the company in mid-December last year.

Gough had been chief executive of the New York-based brokerage since January 2015, joining from KCG Europe where he was previously chief operating officer. 

Cowen Group did not respond to a request for comment in time for publication.