Cowen Inc., a diversified financial services firm that provides sales, trading and prime brokerage services, announced on Thursday that it has added a new member to its Cross-Asset team, with John Mori returning to the unit as Managing Director, Head of Special Assets.
In his new role, Mori will be focused on expanding Cowen’s presence further into illiquid and esoteric assets. He will report to three people, the Co-Heads of Cross-Asset Jay McDermott and Burt Welly as well as the Head of Global Equity and Cross-Asset Sales, Philip Cushman.
When speaking on the new appointment, McDermott said that the Cross-Asset team is pleased to welcome Mori back to the fold and that Mori himself is eager to be apart of the growing team.
“His impressive track record in special assets – especially his proven ability to help clients identify, value and monetize difficult-to-value, financial assets – is a great complement to our existing cross-asset platform and capabilities,” McDermott added.
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Mori has been with Cowen for just under three years. He originally joined in May 2016 as a Vice President, before becoming a Director at the beginning of this year. Prior to working at the company, he was employed at Debtstream Corp., from October 2014 until June 2016, where he worked in Sales and Trading Platform for Distressed Private Debt
During his career, he has also been an analyst at Barclays Investment Bank in 2014, where he was based in New York. Mori also held positions at American Franchise Capital, LLC and interestingly, in 2008, he was an Intern at the US Secret Service.
Cowen Hires Jon Satran and Mitchell Sussman
In addition to the appointment of Mori, Cowen also announced on Thursday that it has added Jon Satran and Mitchell Sussman to its Cross-Asset team in senior analyst roles. Both Satran and Sussman will be responsible for identifying and analyzing special situations opportunities for the clients of Cowen, the statement said.
Commenting on the new additions, Dan Charney, Co-President of Cowen & Company noted: “We’re very fortunate to have more of the top talent in the credit community join our team, These additions represent another important step forward as we deepen our leadership in the Cross-Asset space and extend the ways in which Cowen helps its clients outperform.”