TD Cowen

TD Cowen
FormerlyCowen Inc.
Company typeDivision
Nasdaq: COWN (2006–2023)
IndustryFinancial services
Founded1918 (1918)
Headquarters,
Key people
  • Jeffrey M. Solomon (CEO)
  • John Holmes (COO)
  • Stephen A. Lasota (CFO)
  • Tom Strauss (vice chairman)
Products
Revenue US$1.28 billion (2022)
US$76.6 million (2022)
US$76.5 million (2022)
AUM US$14.5 billion (2022)
Total assets US$8.83 billion (2022)
Total equity US$1.06 billion (2022)
Number of employees
1,534 (2022)
ParentTD Securities
Websitecowen.com
Footnotes / references

TD Cowen (formerly Cowen Inc.), is an American multinational investment bank and financial services division of TD Securities that operates through two business segments: a broker-dealer and an investment management division.

The company's broker-dealer division offers investment banking services, equity and credit research, sales and trading, prime brokerage, outsourced trading, global clearing and commission management services.

Cowen's investment management segment offers actively managed alternative investment products. Founded in 1918, the firm is headquartered in New York and has offices worldwide. Cowen claims it is known for successfully identifying emerging industries early on, especially the emerging cannabis industry.

Toronto-Dominion Bank acquired Cowen for US$1.3 billion in March 2023. The company was then rebranded as TD Cowen and became a division of TD Securities.