US-based agency broker Cowen has appointed a managing director and head of business development for its outsourced trading group from BTIG.
Bobby Croswell has joined Cowen’s global outsourced trading team in Boston and will be responsible for expanding the business both throughout the US and globally.
He has spent the past 12 years with BTIG as a partner and a managing director of the broker’s outsourced trading division, and began his career as a research analyst at StreetAccount.
“[Croswell] is a great addition to Cowen’s outsourced trading team. His vast background and experience in the outsourced trading arena aligns with our strategic vision to enhance our capabilities, grow our business globally, and deliver a comprehensive suite of solutions and services,” said Michael Rosen, Cowen’s global co-head of prime brokerage and outsourced trading.
“Cowen’s outsourced trading group aims to provide investment managers with a complete and cost efficient solution for their trading needs. Our global solution is full service, multi-asset class, and is differentiated from other firms by the full transparency and operational support we provide.”
The global outsourced trading team at Cowen now consists of 20 professionals across the US, London and Belfast, with plans to expand in Hong Kong.
“The [outsourced trading] group has an exceptional reputation in the industry and is fully-committed to providing its clients with a complete outsourced trading solution,” added Croswell.
“I’ve built my reputation on a client-first mentality and am inspired by Cowen’s industry leading technology, global MiFID II capabilities, as well as Cowen’s outsourced model, which most closely represents the true buy-side experience.”